Jeff Bezos has called for a radical change in the US tax system, suggesting that the bottom half of earners should be exempt from paying federal income tax.
Bezos, one of the world's richest individuals, argued that such a move could reduce financial pressure on millions of households and foster entrepreneurship in the country.
He claimed that the US already has a progressive tax system, with the top 1% contributing 40% of taxes while the bottom 50% pay only 3%.
Bezos' proposal comes at a time when taxation of the wealthy has become a major political issue in the US, with Democrats advocating for fresh taxes targeting billionaires and Republicans facing criticism over their proposed tax-and-spending package.
