But a report released by Americans for Tax Fairness (ATF) on Thursday shows how “billionaire nepo babies” don’t just waste their families’ fortunes. They also benefit from “a rigged system” that allows them to “pass that wealth down over generations without being properly taxed–often without being taxed at all.”
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The average American will earn between 1 and 2 million dollars in their lifetime. That means if we tax billionaires based on net worth a measly 0.5%. The revenue coming from Bezos alone would be enough to support 500 Americans for a lifetime.
