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The Times Australia

Why taxing US billionaires’ wealth – as Biden tried to do – will never work

  • Written by: Beverly Moran, Professor Emerita of Law, Vanderbilt University
Why taxing US billionaires’ wealth – as Biden tried to do – will never workElon Musk is currently the world’s richest person.AP Photo/Matt Rourke

The speed with which a tax on billionaires came and went as a means to pay for President Joe Biden’s economic agenda shows why it’s so hard to tax wealth in the U.S.

Democrats unveiled their proposal on Oct. 27, 2021, and it was nixed that same day, replaced...

Read more: Why taxing US billionaires’ wealth – as Biden tried to do – will never work

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