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A few hours ago, American President Joe Biden asserted that it’s time for billionaires to pay a minimum tax of 25% . This is not the first time the President has put forth such a proposal. In Q1 2023, he suggested a set of new tax hikes on billionaires, corporations, and rich investors. Apart from suggesting a minimum tax on the wealthy, his budget request additionally recommended doubling the capital gains tax rate from 20% to 39.6%. JUST IN: 🇺🇸 President Biden says it's time billionaires pay a 25% minimum tax. — Watcher.Guru (@WatcherGuru) September 14, 2023 Also Read: Crypto: 75% of Binance’s Fiat Trading Volume Dominated by Turkey’s Lira On social media, the American President recently highlighted the differences between ‘Bidenomics’ and ‘MAGAnomics’. The former focused on ensuring that “wealthy and large corporations pay their fair share in taxes.” Contrarily, Biden contended that the...