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$32 million CEO lectures America on income inequality
Fox Business • • business
Key Points:
- United Airlines CEO Scott Kirby advocates for a national wealth tax and inheritance taxes nearing 100% on certain estates, citing growing wealth inequality as a societal threat.
- Kirby emphasizes the need for a nationwide wealth tax to prevent wealthy individuals from relocating to states with lower taxes, and expresses willingness to pay such taxes himself.
- His proposal contrasts with the current federal estate tax system, which has a top rate of 40% on estates above $15 million per individual in 2026.
- Kirby also defended airline pricing strategies, explaining that charging extra for preferred seating options reflects the costs of providing those services and caters to diverse customer preferences.
