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Wealth Tax
As Over a Million Have Died of COVID, US Billionaires Have Gained $1.7 Trillion
The $1.71 trillion wealth gain alone could pay off nearly the entirety of student loans owed by the public.
Musk’s “Dangerous” Twitter Offer Makes the Case for a Wealth Tax, Warren Says
“Ultimately what all this boils down to is power. Who’s going to have the power in our country?” Senator Warren said.
Majority of Voters Support Biden’s Billionaire Income Tax, Poll Finds
Fifty-nine percent of likely voters support the proposal to levy a minimum tax on the ultrarich.
Musk’s $43B Offer to Buy Twitter Is Nearly Twice His Entire Pre-COVID Net Worth
Musk’s net worth has shot up a whopping 1,080 percent during the pandemic.
Biden’s 2023 Budget Includes a 20 Percent Billionaire Minimum Income Tax
The tax would be levied on unrealized gains from things like stocks, making it similar to a wealth tax.
Billionaires Have Gotten $1.7 Trillion Richer Over the Pandemic, Report Finds
Analysis from Americans for Tax Fairness shows billionaires are 57 percent richer now than they were in March 2020.
US’s Richest Families Set to Dodge $8.4 Trillion in Taxes Over Next Decades
“No justification exists for the failure of policy makers to end this scandal,” report authors wrote.
Since “Citizens United,” Billionaires Are Spending Nearly $1B More on Elections
Billionaires spent $1.2 billion on the 2020 election – about 70 times what they spent on campaign donations in 2008.
World’s 10 Richest Men Doubled Their Wealth as Many Lost All During Pandemic
Growing wealth inequality “is not by chance, but choice,” Oxfam authors wrote.
“Tax the Rich:” 10 Billionaires Added $402 Billion to Their Fortunes in 2021
Amid a public health emergency and economic crisis, billionaires saw staggering growth in their wealth.