#billionaires

While McCarthy’s federal revenue numbers are technically true, implementing more taxes on billionaires—even by a little—could boost America’s revenue by a huge amount in the next decade. #usa #republican #politics | A reporter asking about taxing the rich was met with laughter by Republican lawmakers after being shut down by House Speaker Kevin McCarthy. | Republicans Were Asked If They'd Tax the Rich. They Literally Laughed | McCarthy said that taxing the rich wasn't needed, because the U.S. had a federal revenue of 20 percent of GDP, compared to 17 percent in previous years. | He then blamed inflation on Democrats spending $6 trillion after winning the 2020 election. | Raising taxes on the wealthy, even a small amount, can bring in huge revenue. | For example, a 3 percent wealth tax on billionaires, as proposed by Sens. Elizabeth Warren and Bernie Sanders in 2021, would produce around $3 trillion in revenue in the next 10 years. | House Speaker Kevin McCarthy R—California | *University of Berkeley study
Do billionaires pay their fair share in taxes? Richard Rubin, WSJ tax policy reporter, breaks down how the wealthiest Americans are taxed. 📷: AP, Reuters #taxtok #tax #taxes #millionaires #billionaires #wealth #money #wsj #wallstreetjournal #thewallstreetjournal | Richard Rubin | Tax policy reporter | 💰 Billionaires and income tax, explained
“The deluded dreams of billionaires aside, there is no Planet B,” António Guterres told the #Cop15 delegation in Montreal, Canada #biodiversity #nature #climatecrisis #environment | 'We're treating nature like a toilet', says UN head
Bezos is currently the fourth-richest person in the world, according to the Bloomberg Billionaires Index. This interview marked the first time he had promised to give away most of his earnings, according to CNN. Scott has already vowed to give away the majority of her wealth and has now donated more than $14 billion since 2019. 📷: Reuters, AFP, AP #jeffbezos #mackenziescott #rich #wealth #charity #amazon #wsj #thewallstreetjournal #wallstreetjournal #greenscreen | Jeff Bezos vows to give most of his money to charity | Green Screen
Elizabeth (@rewiringyou) on TikTok These 4 artists used their creativity to become billionaires ??? #lifesuccess #entrepreneurshipmotivation #richest #successtips #successmotivation
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