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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@mdione @rbreich He was part of Bill Clinton's cabinet, so you can assume he means the US federal tax code.

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