Trump’s tax cuts expired for the low and middle class two years ago, but are still in effect for the wealthy until December. Biden’s tax reform, which would go into effect in January, include a minimum 25% tax on billionaires, increases on corporate and high income tax, increased capital tax, and increased multinational tax.
I say score card wealth to iterate it’s more than any person could claim to need to live on for even a lavished life. I did mention it being used to give them unfair power - I agree with you.