August 9, 2022

The Catholic Transcript

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Can the super rich be the solution to the US budget?

Can the super rich be the solution to the US budget?

debt, Reuters

Photo caption,

Tesla boss Elon Musk has complained on social media about plans to tax McGarrich

There are some well-known names in the general public among Americans who may fall within the new tax range proposed by President Joe Biden.

The scheme aims to retain the money generated by stock market rallies in recent years.

Taxes will rise for a very small number of people – 20,000 U.S. taxpayers, with more than $ 100 million in wealth.

Among the victims were investor Warren Buffett, Tesla boss Elon Musk and Amazon founder Jeff Bezos.