The pandemic has been good for the ultra rich like Elon Musk and Jeff Bezos whose fortunes are tied to the stock market.
Yet many of these billionaires pay little in taxes, and that has sparked a big push by progressives for a "wealth tax."
Recently, Sen. Ron Wyden (D-OR), the chairman of the Senate Finance Committee, introduced a version of that. Wyden calls it a "billionaires tax," targeting the ultra rich as a way to help pay for President Biden's agenda.
It didn't get far. Barely a day after he proposed the plan, it was cut from the bill.