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Why is it so hard to tax billionaires? (Part 2)

999.827 - 1019.738 PJ Vogt

The logic Biden is using here is the exact same logic that you would find in the ProPublica series. Remember the buy, borrow, die technique? We know a billionaire like Elon Musk does not get a real salary. Instead, he pays himself a dollar and then owns a lot of Tesla stock. In most years, the stock gains value.

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