Over the last two decades America has created 296 Billionaires, 14 million millionaires with 4 million millionaires holding in excess of $5 million. These numbers do not include real estate.
It is estimated this group of people are worth in excess od $20 Trillion dollars. That amount of money eclipses our GDP by 30%.
Too institute an 2%-3% Wealth Tax would inject approximately $400 to $600 Billion dollars a year into our government.
As I see it right now, Our new President wants to increase tax's on people who want to become millionaires, not those who are millionaires.
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