In the early morning of August 7,media reported that top tech leaders and other billionaires should hand over billions of dollars in wealth they made during the new bout, according to a new bill proposed by Senators Bernie Sanders, Ed Markey, Kirsten Gillibrand and others.
The Make Billionaires Pay Act will impose a one-time 60 per cent tax on the wealth growth of billionaires between March 18, 2020 and January 1, 2021. The money will cover the out-of-pocket cost of health care for all Americans for a year. As of August 5, the bill would tax the $731 billion in wealth accumulated by 467 billionaires since March 18, according to the press release. But if the bill passes, it would tax the wealth that billionaires accumulate until the end of the year.
Under the bill, high-tech and other business giants whose fortunes soared during the New Crown pneumonia epidemic would bear high costs. In the case of Amazon and Wal-Mart, Americans are increasingly dependent on their services during the New Crown Pneumonia pandemic, and their stock is rising.
That adds billions of dollars to the fortunes of Its biggest shareholder, Jeff Bezos, Amazon’s chief executive, and Waltons, the founder of Wal-Mart.
According to the press release accompanying the bill, here are some of the fees some billionaires will have to pay for the increase in wealth between March 18 and August 5:
Jeff Bezos, Amazon’s chief executive, will pay a one-time wealth tax of $42.8 billion.
Elon Musk, chief executive of Tesla and SpaceX, will pay a one-time wealth tax of $27.5 billion.
Mark Zuckerberg, Facebook’s chief executive, will pay a one-time wealth tax of $22.8 billion.
The Waltons will pay a one-time wealth tax of $12.9 billion.
These numbers are likely to rise (or fall) for the rest of the year as the impact of the new crown pneumonia pandemic on billionairewealth wealth changes.