President Joe Biden sits in the Oval Office of the White House, on March 4, 2022, in Washington. A “Billionaire Minimum Income Tax” included in President Joe Biden’s proposed budget for the next fiscal year is part of the administration’s larger effort to reduce the federal deficit over the next decade. The White House says the proposal would eliminate the “sheltering of income for decades or generations.” (AP Photo/Patrick Semansky, File)
May 20, 2022
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Taxing unrealized gains tramples on the American dream
These days, if you don’t agree with the socialist-style “equitable distribution of wealth” or in the words of Sen. Elizabeth Warren, “pay something in so everybody else gets a share,” then you’re just a greedy rich person not interested in “paying your fair share.”