Biden’s Wealth Tax – More Class Envy Rhetoric By Brain C. Joondeph
President Joe Biden, perhaps looking at the rising budget deficit along with his desire to spend far more money than the U.S. Treasury has in its coffers – not to mention his sinking poll numbers and dim prospects for his party in the November midterm elections – has proposed a wealth tax on the uber rich. The White House calls it the “billionaire minimum income tax” which is neither limited to billionaires nor a tax on income.