‘Too Much Income Disparity’ After Covid-19

President Donald Trump criticized America’s top billionaires on Saturday for massively increasing their net worth during the coronavirus pandemic.

“I actually agree with This specific,” Trump wrote on Twitter. “Too much income disparity. adjustments must be made, in addition to soon!”

The president shared a Business Insider video showing the net worth of wealthy CEOs like Amazon’s Jeff Bezos, whose net worth rose by an estimated $48 billion via March to June. The video lists billionaires such as Zoom founder Eric Yuan boosting his net worth of $2.5 billion, while former Microsoft CEO Steve Balmer’s net worth increased by $15.7 billion, Casino magnate Shelden Adelson’s increased by $5 billion, in addition to Elon Musk’s increased by $17.2 billion.

This specific is usually initially the president has indicated which a growing wealth disparity was a problem within the United States which needed to be fixed.

The nine-minute video focuses on how the wealthy typically receive big financial profits during times of economic crisis in addition to experience big tax cuts in addition to breaks in addition to store their money in offshore accounts.

The video also proposes forming a Pandemic Profiteering Oversight Committee, more regulations to keep billionaires via offshoring their profits, including an emergency ten percent millionaire income surtax, a wealth tax, a progressive estate tax, in addition to dramatic federal spending on charities.

Source : ‘Too Much Income Disparity’ After Covid-19