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Trevor Noah explains how the system helps superrich avoid taxes and takes the public for fools

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Trevor Noah explains how the system helps superrich avoid taxes and takes the public for fools

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America’s superrich increased their wealth during the pandemic while a majority of the country was financially hit by the crisis. No country has more oligarchs than America. By November 2021, the likes of Elon Musk, Jeff Bezos, Bernard Arnault and family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer and Warren Buffett had seen their fortunes grow by $821 billion dollars, according to Forbes. Inequality in America is no secret but now the gap is getting wider and wider and one of the reasons is that the rich don’t pay taxes in proportion to their wealth. “If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” said Oxfam International’s Executive Director Gabriela Bucher.

LAS VEGAS, NEVADA: In this image released on April 3, 2022, host Trevor Noah speaks onstage at the 64th Annual GRAMMY Awards, broadcast on April 03, 2022, in Las Vegas, Nevada. (Photo by David Becker/Getty Images for The Recording Academy)

 

How did the billionaires get so rich? Trevor Noah, “The Daily Show” host, may have the answer. It’s been long known that billionaires get enormous tax breaks through loopholes but Trevor Noah put the finger on the problem during an informal chat with his studio audience and many feel he hit the nail on the head. Noah first questioned how a stock market’s growth reflected a country’s growth. “I’m by no means an economist, nor am I an…

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