‘Just too much’: Meet the uber-rich who want a wealth tax

AP News (10/22/2019)
  • American billionaires including heiress Molly Munger, financier George Soros and Facebook co-founder Chris Hughes signed a letter over the summer asking for higher taxes.
  • They believe the government can spend their money more effectively on improving schools, upgrading infrastructure and protecting the environment.
  • Munger, daughter of Warren Buffet’s right-hand billionaire investor Charlie Munger, had an epiphany after noticing many Newport Beach neighbors had empty mansions (barely visited).
  • Democratic presidential candidates Elizabeth Warren and Bernie Sanders are pushing for wealth taxes on eight-figure fortunes.