Yes, the rich must start paying their fair share of taxes

‘If this legislation had been enacted last year, Elon Musk would have owed $42bn more in taxes, leaving him with just $792bn to survive.’ Photograph: David Swanson/Reuters

Never before in American history have so few had so much wealth and power. Today, the top one per cent owns more wealth than the bottom 93%. One man, Elon Musk, worth $805bn, owns more wealth than the bottom 53% of American households.

And that inequality is getting worse. Last year alone, after receiving the largest tax break in history from Donald Trump, 938 billionaires in America became $1.5tn richer. Since he was elected, President Trump and his family have become $4bn richer.