US President Joe Biden unveiled his fiscal 2023 budget on Monday that aims to tackle the US$1.3 trillion deficit. But the highlight of the announcement was the plan to impose a “wealth tax” on the top 1%–considered to be the first-ever direct tax on billionaires. In discussing the federal budget he plans to submit to … Continue reading Joe Biden Reveals First-Ever Wealth Tax To Solve The US$1.3 Trillion Deficit