Between 2014 and 2018, the top 25 US Billionaires, including Warren Buffet, Elon Musk, and Jeff Bezos, saw their collective net worth rise by $401bn, while only paying a “true tax rate” of just 3.4%.
That means their wealth increased by $6,103 per minute, every minute, for 5 years, compared to just $207 in taxes.
The average Middleclass American’s wealth increased by a measly 2.5¢ per minute and paid 2.5¢ as well over the same time period.*
At the core of the Tax, The Rich 3D NFC is a model that visualizes these absurd numbers into a stunning 3D perceptual piece that fully integrates with any Metaverse, VR, or AR environment, including Decentraland, Somnium, Hubs, Spokes, Adobe Aero, and, ironically, Meta. The current owners of this NFT will gain exclusive rights to display the piece in any Metaverse of their choosing. In addition, there is a high-quality .gif as the cover for all NFTs that can be used anywhere on social media.
By viewing the piece from 4 different angles the words, “TAX THE RICH 39.6%”, can be seen, all made from 6103 unique $1 bills. This represents the increase of wealth each of the top 25 Billionaires experienced every minute of every day over these 5 years. During this time, instead of paying the top tax rate of 39.6%, these Billionaires paid a measly 3.4% true tax, represented by 207 unique $1 bills underneath the piece on the floor.
Each of the $1 bills indicating Billionaire wealth gain has its own unique serial number between [T00000001R] and [T00006103R]. In addition, the same applies for the $1 bills indicating Billionaire tax payments, with unique serial numbers between [T10000001R] and [T10000207R].
TTR3D$1#69
In addition, there are 4 pennies and 2 half cents hidden throughout the piece to represent the wealth, and tax paid, by the average American per minute also.
This piece is being released at a transformative time in the USA, with the Tax the Rich movement in full swing, as seen by AOC’s dress at the Met Gala and President Joe Biden’s House Bill to raise taxes back to pre-Trump levels of 39.6% for top-earners. More than just an NFC, Tax The Rich 3D is a statement by anyone who owns it.
To show how significant actually paying 39.6% tax could be, KnotAnArtist will donate 39.6% of all profits generated through this piece to charities that work with disadvantaged youth, where tax dollars should actually be going. Why? Because the creator was one and is KnotAnArtist.
* Source: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
