Financial Education: An Example Of The Difference Between Income And Worth

There is now a big situation brewing now that it has come to light that some of the nation's billionaires paid little to no income tax. Now there are calls for a ultra wealthy tax, one that pentalizes these individuals.

In this video I discuss how some of the calls are to tax their wealth, In the past I covered the idea of wealth versus income and here is a prime example of why some do not seem to understand that or completely ignore it. We can easily see how this difference can have major effects.