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Clifford Asness: Biden’s Real Tax Target Isn’t the Superrich
His plan would sock it to the ‘working rich,’ whose taxes are already high, not billionaire investors. The Biden administration is trying to sell its Build Back Better agenda by demonizing the superwealthy, but that’s just the sales pitch. The actual product is a tax bill sent mostly elsewhere, to the already highly taxed “working rich.”
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Posted: October 19, 2021 Tuesday 01:22 PM