Senator Bernie Sanders (I-Vt.) called for the U.S. government to confiscate assets over $999 million, and also announced his support for President Joe Biden. The senator spoke with CNN anchor Chris Wallace last week for an interview when he declared that billionaires should not exist. Sanders said he believes that the government should seize personal…

As Americans head to polls in one of the highest turnouts for midterm elections, several major issues are on the table, such as tax policy changes that will have a significant impact on Americans’ personal financial situations. Tax policy involves everyone from the average earner to the richest Americans, and accounts for deductions and incentives,…

Internal Revenue Service (IRS) officials audit returns of taxpayers making $25,000 or less at a much higher rate than for all other income earners, including those in the top 1 percent who President Joe Biden claims pay nothing, according to a nonprofit government watchdog. “So far, it has completed 132,922 audits of these low-income wage…

Elon Musk issued a warning on Thursday against Democrats’ billionaire tax proposal that levies unrealized capital gains, saying that eventually the government will run out of ultra-wealthy individuals, following which, they will target the majority middle class. “US national debt is ~$28,900 billion or ~$229k per taxpayer. Even taxing all ‘billionaires’ at 100% would only…

More details about the democrats’ proposed billionaires tax, who would it affect and how much they would be taxed? McDonald’s making a healthy recovery out of the pandemic– especially compared to rivals. What’s behind its stronger-than-expected sales? And General Motors also beating expectations– despite major challenges. But experts say there are more disruptions to come.