December 2, 2021

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Democrats move to finalize new ‘billionaire’ tax proposal, targeting 700 wealthiest Americans as key source of revenue for spending plan – The Washington Post

1 min read

“Even before the pandemic, there had been decades of dramatically rising inequality, especially at the very, very top of the distribution. But the pandemic really crystallized the pathologies of that divergence,” said Austan Goolsbee, who served as a senior economist in the Obama administration. “Now that we need money to pay for these investments, you can see why Democrats would immediately turn to say: ‘Who has had the greatest time during this trying period? It’s the billionaires.’”

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