Total Billionaire Wealth Is Up 160% Since First Trump Tax Law; Proposed New Levy Would Finally Tax Unrealized Gains of the Wealthiest American billionaires reached a record breaking $7.6 trillion of personal wealth as of Labor Day 2025, up $4.7 trillion (or 160%) in the less than eight years since the first Trump-GOP tax law …
Isn’t there already a luxury tax, which would be the only fair tax. Aside from a top bracket tax of say, 90%, like it used to be. Plus there is the problem of income taxes not touching much of the actual “worth” of a billionaire.
Isn’t there already a luxury tax, which would be the only fair tax. Aside from a top bracket tax of say, 90%, like it used to be. Plus there is the problem of income taxes not touching much of the actual “worth” of a billionaire.