In a recent opinion piece, Rep. Alexandria Ocasio-Cortez (AOC) sparked controversy with her claim that true billionaires do not exist, arguing that their wealth is often built on exploitation and inherited privilege. Now, New York state may be taking a step towards making her words a reality. A new tax proposal aimed at ultra-high-net-worth individuals could see billionaires facing significantly higher tax rates, potentially rendering the term "billionaire" obsolete in the state. The proposed tax hike could have far-reaching implications for the wealthy elite and may set a precedent for other states to follow suit.
Opinion - AOC doesn’t believe true billionaires exist — soon they won’t, at least in New York Yahoo
