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The Tax Pitch That Could Spell The ‘End Of America’

"Why work hard today to save for future generations if the government’s just going to confiscate it?”

Brecca Stoll
The Tax Pitch That Could Spell The ‘End Of America’
LONDON, UNITED KINGDOM – 2025/03/25: A protester holds a ‘Tax the super-rich’ placard during the demonstration. Protesters gathered outside the Treasury in Westminster, calling on the government to stop cuts on public services and to tax the billionaires and the super-rich. (Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images)

United Airlines CEO Scott Kirby called for a national wealth tax earlier this week, but investment banker and political commentator Lou Basenese warns that taxing wealth could spell the “end of America.” 

Kirby also backed inheritance taxes approaching 100% for certain estates, a separate proposal from a tax on wealth held during a person’s lifetime.

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