Spotlight: Biden’s New Minimum Tax On Billionaires Is Just Another Economy-Killing Tax

Summary: The White House announced the administration would be proposing a new minimum tax of 20% on households worth more than $100 million. Investors take note: President Biden’s new minimum tax on billionaires is just another economy-killing tax. Steve Forbes on how no country has ever taxed its way to prosperity and on why enforcing such a tax would be an administrative nightmare. Steve Forbes shares his What’s Ahead Spotlights each Tuesday, Thursday and Friday.