US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022

https://truthout.org/articles/uss-wealthiest-collectively-held-8-5-trillion-in-untaxed-assets-in-2022/

This is why we need a billionaire income tax," Americans for Tax Fairness said.

32 points · 1 comments · view on lemmy.world

1 Comments

1024_Kibibytes@lemmy.world · 5 pts · 2y

If the U.S. could tax that at 1%, there would be $80,500,000,000 available for school lunches, helping the unhoused, etc. The rich would make it back in a day I'm sure.