Biden's 'billionaire' tax is misleading, 'financially illiterate,' inconsistent with details in plan

Contributing sentiments towards policy:

46% : The Washington Post noted that the justification for the oppressive tax was that many billionaires "pay far lower tax rates than average Americans because the federal government does not tax the increase in the value of their stock holdings until those assets are sold" and that they can then "borrow against their accumulated gains without triggering taxes on capital gains.""In effect, the Billionaire Minimum Income Tax payments are a prepayment of tax obligations these households will owe when they later realize their gains," the fact sheet added.
44% : "This approach means that the very wealthiest Americans pay taxes as they go, just like everyone else, and eliminates the inefficient sheltering of income for decades or generations."

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