to be following. you wouldn t know that given the lengths our lawmakers go to protect the invest accounts of the ultra rich. it is particularly relevant right now because of president biden s social spending plan. if passed, it will cost $1.75 trillion to overhaul the child care and health care and education and climate systems. the next question is where will the money come from to pay for it? one idea tossed around is a billionaire tax. ultra rich generate a lot of the wealth not from income, but assets like stocks. they make money from money they already have. as the tax code stands, the wealthy do not pay taxes on those investments unless they sell them. so the proposal, and all it is right now is a proposal, would apply to those who have more than $1 billion in assets for three consecutive years or any one earning more than $100