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United Airlines CEO Calls for a National Wealth Tax and New Taxes on Inheritances

#kiplinger#wealth#assets#estate#inheritance
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As many people in the U.S. are dealing with high prices for everyday expenses, the growing gap between wealthy households and everyone else is a topic of debate. Now, United Airlines CEO Scott Kirby is weighing in, calling for a national wealth tax and inheritance taxes that could approach 100% for some.

In an interview with The New York Times published October 18, Kirby was asked about declining public trust in corporate executives. He responded:

"Wealth inequality has become a danger to our society, and we need to address that. We should have a national wealth tax — it won't work by state because people will just move. And I think we should have inheritance taxes that get close to 100 percent at some level. I would pay them."

Kirby , who is reportedly worth over $125 million, didn't offer a detailed plan for how new taxes would work.…

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