In his State of the Union handle on Tuesday evening, President Biden acknowledged:

We’ve got to reward work, not simply wealth. Go my proposal for the billionaire minimal tax. You understand, there’s [sic] a thousand billionaires in America. It’s up from about 600 firstly of my time period.

However no billionaire must be paying a decrease tax price than a schoolteacher or a firefighter. I imply it. Give it some thought.

I have considered it. I’ve 4 ideas.

The above is from David R. Henderson, “Taxing Wealth Is Taxing Work,” TaxBytes, Institute for Coverage Innovation, February 9, 2023.

Learn the piece (it’s not lengthy) to see what my 4 ideas are.