Latest / Early Edition with Ryan Bridge
Katherine Firkin: US billionaires fume over President Joe Biden's tax plan
Elon Musk isn't happy.
With a personal fortune that is flirting with US$300 billion, the Tesla CEO — the richest person on earth — has been attacking a Democratic proposal to tax the assets of billionaires like him.
The idea behind the Democratic plan is to use revenue from a billionaires tax to help pay for a domestic policy package being negotiated in the US Congress that would, among other things, help combat climate change, provide universal prekindergarten and expand health care programmes.
Musk, who recently blew past Amazon founder Jeff Bezos as the world Number 1 in wealth thanks to…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.