Is Biden's 'Billionaire Tax' Flat out Unconstitutional?
Posted By: Dreadnought, 3/16/2023 11:13:09 PM
I’m neither a constitutional scholar nor a tax attorney, but as a 30-year professional money manager and tax-planning guy, I can’t see how Joe Biden’s non-income-based Billionaire Tax comes even close to being constitutional. Not that constitutionality has ever phased the woefully inept president, but I’m just sayin’. While Biden’s plan to squeeze billionaires will be DOA in Kevin McCarthy’s Republican-controlled House, it’s worthy of discussion, for the simple reason that if the Democrats end up with control of both chambers and the White House after the 2024 election, hello billionaire tax. Which reminds me: 2024 will arrive soon enough; let’s not screw it up. But I digress.
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