Biden's wealth tax would undermine his space and environmental goals

The Biden administration seems not to have thought things through when it ventured into "soak-the-rich" territory. The proposal is obviously a sop to Sen. Bernie Sanders, an independent from Vermont, and members of "the Squad" who have targeted wealthy, successful taxpayers as enemies of the people. However, the more money that people such as Musk, Bezos, and Gates must pay to the government, the less they will have to invest in innovative technologies that will address the problems of space travel and climate change.