Commentary Be honest. Does anyone really believe that any of these new schemes that President Joe Biden conjures up every few days to “tax the rich” will cause Bill Gates, Elon Musk, or Warren Buffett to pay more taxes? It’s clear why the superrich are a tempting target to, as Biden puts it, “pay their fair share.” We have billionaires with almost unfathomable riches. Sen. Elizabeth Warren, a Massachusetts Democrat, calls their wealth “obscene.” Amazon founder Jeff Bezos has attained a wealth that exceeds some countries. Amazon’s stock is now worth close to $1 trillion. He owns perhaps 15 percent of the stock, which would mean his net worth is somewhere near $150 billion. But as he has correctly pointed out, it also means that he has collectively created some $850 billion of wealth for all of the millions of people who own Amazon stock—which is probably close to one-third …
RSS Feed | The Epoch Times