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billionaire investor Bill AckmanFortune
•75% Informative
Billionaire investor Bill Ackman has an idea to get the ultrawealthy to pay their fair share.
Ackman suggested a tailored approach to ensure people like Elon Musk and Jeff Bezos shoulder more of the burden.
Under Ackman ’s proposal, those risking their fortune would only be taxed if they encumbered their businesses with personal debt.
In April , Biden adopted the “sea change” approach, and November ’s federal elections will likely determine its fate. If the idea lacks enough support, there’s always Ackman ’s proposal. Musk couldn’t be reached by Fortune for comment. This story was originally featured on Fortune.com .
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39
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English
Language complexity
51
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Time-value
short-lived
External references
22
Source diversity
7
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