Biden’s billionaire tax hits the super-rich. Can a wealth tax work?
“No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said Thursday. The plans, previously outlined in the president’s 2024 budget, reignited a decades-old debate over how best to account for the wealth of the world’s richest. The issue has taken on fresh significance this year, however, as governments … Read more