With economic challenges such as a widening income gap, high gas prices and rising inflation in mind, President Joe Biden recently presented a twofold plan for extremely wealthy Americans to pay more in taxes.
A key part of Biden's proposal is for the taxation of unrealized appreciation of assets, or capital gains. We take a detailed look at what the so called 'Minimum Tax on Billionaires' really means and the arguments on both ends of whether or not to implement it across the country.
0:00 Intro
1:03 Biden's proposal to tax the ultra wealthy
2:12 Arguments supporting the tax
4:50 Arguments against the tax
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