The White House announced the administration would be proposing a new minimum tax of 20% on households worth more than $100 million. Investors take note: President Biden’s new minimum tax on billionaires is just another economy-killing tax. Steve Forbes on how no country has ever taxed its way to prosperity and on why enforcing such a tax would be an administrative nightmare.

Steve Forbes shares his What’s Ahead Spotlights each Tuesday, Thursday and Friday.

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