Press Play with Madeleine Brand
Could taxing billionaires’ unsold assets raise enough money to pay for Biden’s ‘Build Back Better’ plan?
Treasury Secretary Janet Yellen described a tax on billionaires that would help pay for President Biden’s ambitious social policy agenda.
By Madeleine Brand • • 9m ListenTreasury Secretary Janet Yellen described a tax on billionaires that would help pay for President Biden’s ambitious social policy agenda. She told CNN on Sunday: “It would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals, and right now escape taxation until they're realized. … It's not a wealth tax, but a tax on unrealized capital gains of exceptionally wealthy individuals.”
The idea gained traction during the 2020 presidential campaign, backed by progressive candidates like Massachusetts Senator Elizabeth Warren. But Biden was lukewarm until recently.
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The full episode
1 of 4Ava DuVernay on how Colin Kaepernick embraced his Black identity while growing up in a mostly white town- 0:00Could taxing billionaires’ unsold assets raise enough money to pay for Biden’s ‘Build Back Better’ plan?You’re reading this
- 9:43Giving legal rights to nature: Can this effectively fight climate change?
- 20:56Ava DuVernay on Colin Kaepernick, Black identity, and listening to your inner voice
- 39:21Would you pay $250 for Andy Warhol drawing? 999 copies and 1 original are on sale