Author

Beverly Moran

Beverly Moran

Beverly Moran is professor emerita of law at Vanderbilt University.

COMMENTARY
Elon Musk

Commentary: Why taxing US billionaires’ wealth – as Biden tried to do – will never work

By: - November 2, 2021

The speed with which a tax on billionaires came and went as a means to pay for President Joe Biden’s economic agenda shows why it’s so hard to tax wealth in the United States. Democrats unveiled their proposal on Oct. 27, and it was nixed that same day, replaced with a surcharge on millionaire incomes. […]