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How Biden wants to make sure the super-rich pay a ‘fair share’

  • President Joe Biden is calling for a “billionaires tax” to make the wealthy pay their fair share.
  • Analysts say the Biden plan would correct a serious inequity in the US tax system.
  • Wealthier people often invest in expensive works of art, fine wines and jewelry to reduce their tax burden.

WASHINGTON — Steve Cohen is an ultra-rich man with a passion for expensive art.

The hedge fund mogul, estimated by Forbes to be worth more than $17 billion, has amassed a personal art collection that rivals works found in some museums.

According to Fortune magazine, Cohen’s collection includes paintings and sculptures by Picasso, Andy Warhol, Jeff Koons and other famous artists. In 2015, the New York Post’s Page Six identified him as the secret buyer who paid $143 million at a Christie’s auction to buy the world’s most expensive sculpture, the life-size bronze statue. nature of Alberto Giacometti called “Man Pointing”.

USA Today

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