![]() ![]() The collective net worth of America’s billionaires has surged by $2 trillion during the pandemic, bolstered by a surge in stock prices and other assets, according to Americans for Tax Fairness, a left-leaning advocacy group. Although it’s considered unlikely that the billionaires tax would move forward, it would only impact about 700 people, including Elon Musk. Democrats had considered a new tax on billionaires that would help fund President Joe Biden’s proposed $3.2 trillion social spending package, which has since been pared down to $1.75 billion. ![]() The snarky responses from Musk come amid an ongoing debate over tax rates and the soaring wealth of the nation’s richest citizens.
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