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Robert Reich

@RBReich

Berkeley professor, former Secretary of Labor. Co-founder, @InequalityMedia. Substack: https://t.co/U9YAAOMrTQ | Mastodon: https://t.co/WXFjvvEnbx

calendar_today26-05-2010 23:17:10

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In 1989, the super-rich held $472 billion in unrealized capital gains.

In 2022, that figure was $8.5 trillion.

While these individuals can live off this wealth as if it were income, none of it is taxed.

When I say our tax code is rigged for the rich, this is what I mean.

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