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Government Wage Tax War on Billionaires

The Money Podcast

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Tax Unrealized Gains

The government is planning to unveil a new tax proposal, the billionair minimum income tax. The levy would apply to all forms of income, including unrealized gains from stock. Households worth more than a hundred million will be subject to this new tax. Progressives have been clamouring for a wealth tax to tackle rising inequality. Critics say such a plan is unworkable and will have unintended consequences.

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