The fight to tax the super-rich, Joe Biden to unveil new budget proposals | World News | WION

Wealthy Americans may have to shell out more soon as the World's largest economy today unveils a minimum income tax for billionaires. It is a part of President Joe Biden's budget proposal for the current year.

#JoeBiden #Tax #SuperRich

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[DVSB]

Then you find out that every dollar of federal Tax goes directly to the privately owned Federal Reserve. The US government runs by passing a budget and borrowing the money from the federal reserve. The US debt is owed to a privately owned company.

[hairyjohn]

I can't see any way back for America now... Too much damage has been done, and it's getting worse!

[SeeLasSee]

This is such a distraction. This is a tax on unrealized capital gains. There’s no point in worrying about a billionaire who owns 7% of a company until he/she sells the shares.

[Lisa-orxm]

Russia will LIBERATE Donbass from Bandera! Just go ahead and let the jackals bark, the bear is strong!🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺👏👏👏👏👏

[trueheartintent]

By way of taxation, all of their petrodollar money will go right back into their defense contracts that fund the heinous things they do. Taxing is a money laundering scheme at this point.

[gc]

What loop holes are their for him and his friends that are full time politicians and became millionaires? Maybe the fact is we need to cut all elected officials pay, and only give them a small amount for expenses as they fought hard to be "PUBLIC SERVANTS". No pay at the founding and for many years.

[candicew]

Well tell Biden to start with himself and his cronies.

[Jack-xxqg]

while in India, fight to tax the middle class and more tax flat rate 30% with no loss offset on crypto. There is no fight nothing, all politics.

[axellondon]

... And then all billionaires flew to other better countries 😂😂

[InJesusName]

what happens when you tax rich people? the cost of goods increases? isn't it? now who is actually affected? The US is just fooling you.

[MySpace]

It will make no difference, if we don't close the loop holes in our tax system.

[rogerbrownreacts]

You can take 100% of their money and it doesn’t cover government over spending

[srikanthdevanathan]

Stupid move... This will reduce growth...

[ChrisBarron]

Lmao!!!! They always talk the talk and they get richer while we get poorer. Speaking of regime change…….
Does that include the government in it’s entirety??🤞

[sinatra]

It's a bit too late in the day.
This probably will still not prevent USA demise.

[paulgianni]

I can't think of a greater way to encourage youth to excel and prosper than to punish success. In America, you can be anything you want - but you have to pay for it.

[rogerbrownreacts]

36 billion of year of a 5 trillion dollar spending spree this is theatre

[kronniichiwa]

by taxing the rich, you will also tax the poor. Because the poor works for the rich.

[djmobn]

Wealthy Australians aswell need to be taxed

[nobody-]

How can you tax shares when their values fluctuate.That's the most stupidest thing ever. The billionaires will either leave and register companies in Cayman Islands