As expected, the Billionaires are shitting in their pants over Biden's tax the rich proposals. However the reality is that these proposals are probably nothing more than election year politics and nothing will ever be implemented.
Billionaires Rage About Biden’s State of the Union Tax Proposals
Even billionaires who voted for Biden are furious they’re being singled out “because of how much they have.”
https://www.thedailybeast.com/billionaires-are-raging-about-bidens-state-of-the-union-tax-proposals
Yep... this will not go very well for Biden. It is nothing more than typical election year posturing trying to get votes. It's basically the same as AOC shouting "tax the rich".
President Biden proposed a $7.3 trillion budget with new social spending offset by taxes on high earners and corporations.
The proposal serves as a draft of Mr. Biden’s policy platform as he seeks re-election in November. Here’s what’s in it.
Monday, March 11, 2024 12:11 PM ET
https://www.nytimes.com/live/2024/03/11/us/biden-budget-proposal-2025