• Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release

Subscribe to Updates

Get the latest USA News and updates directly to your inbox.

What's On
EU seeks secure Arctic link to Asia via Greenland and Canada

EU seeks secure Arctic link to Asia via Greenland and Canada

October 19, 2026
Looking Back at Shia LaBeouf’s Ups and Downs Through the Years: Arrests, Fatherhood and More

Looking Back at Shia LaBeouf’s Ups and Downs Through the Years: Arrests, Fatherhood and More

October 19, 2026
LISTEN: Kansas soccer field dispatch call captures mass-casualty response after driver kills boy, man

LISTEN: Kansas soccer field dispatch call captures mass-casualty response after driver kills boy, man

October 19, 2026
How a foreign government helped accused Saudi spy’s family flee US after OpenAI bug scandal

How a foreign government helped accused Saudi spy’s family flee US after OpenAI bug scandal

October 19, 2026
 million CEO lectures America on income inequality

$32 million CEO lectures America on income inequality

October 19, 2026
Facebook X (Twitter) Instagram
Just In
  • EU seeks secure Arctic link to Asia via Greenland and Canada
  • Looking Back at Shia LaBeouf’s Ups and Downs Through the Years: Arrests, Fatherhood and More
  • LISTEN: Kansas soccer field dispatch call captures mass-casualty response after driver kills boy, man
  • How a foreign government helped accused Saudi spy’s family flee US after OpenAI bug scandal
  • $32 million CEO lectures America on income inequality
  • Americans eat more ultra-processed food than they realize, new survey finds
  • Todrick Hall’s MIDNIGHT Extends Off-Broadway Run To January 2027
  • Feds investigating suspicious letters sent to election officials and congressional offices
  • Privacy Policy
  • Advertise
  • Contact
US Times MirrorUS Times Mirror
Newsletter
  • Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release
 Weather Login
US Times MirrorUS Times Mirror
Home » $32 million CEO lectures America on income inequality
Business

$32 million CEO lectures America on income inequality

staffstaffOctober 19, 20260 ViewsNo Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
 million CEO lectures America on income inequality

United Airlines CEO Scott Kirby is calling for a national wealth tax and inheritance taxes approaching 100% for certain estates, arguing that growing wealth inequality poses a threat to American society.

Kirby, who took home about $32.3 million in total compensation in fiscal year 2025, made the remarks when asked about declining public trust in corporate executives during an interview with The New York Times.

“Wealth inequality has become a danger to our society, and we need to address that,” Kirby told the outlet in an interview published Sunday.

The airline executive argued that a wealth tax would need to be implemented nationwide rather than at the state level to prevent wealthy Americans from relocating to avoid paying it.

“We should have a national wealth tax — it won’t work by state because people will just move,” Kirby told the outlet. “And I think we should have inheritance taxes that get close to 100 percent at some level. I would pay them.”

TSA SCALES BACK AIRPORT GATE ACCESS PROGRAM FOR NON-PASSENGERS

Kirby did not specify what wealth threshold would trigger the proposed inheritance tax or what rate he would support for a national wealth tax in the remarks cited.

Ticker Security Last Change Change %
UAL UNITED AIRLINES HOLDINGS INC. 95.60 -0.50 -0.52%

His comments come as proposals to increase taxes on wealthy Americans continue to generate debate over their potential effects on investment, economic growth and government revenue.

A United Airlines Boeing 757 takes off.

A federal wealth tax would differ from existing income and estate taxes by targeting the value of an individual’s assets rather than solely income or wealth transferred after death.

Kirby’s proposal would also represent a significant departure from the current federal estate tax system, which imposes a top marginal rate of 40% on taxable estates above applicable exemptions. The federal estate tax has a basic exemption of $15 million per individual in 2026, according to the IRS.

The United CEO also discussed airline pricing during the Times interview, defending the practice of charging passengers more for certain seating options after being asked about the cost for travelers without frequent-flier status to avoid middle seats.

A United Airlines plane takes off at

“There are some customers who want to sit in a window seat or a better seat, and that costs money to deliver,” Kirby said, according to the Times.

He said charging passengers for the services and products they choose allows airlines to serve customers with different preferences.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Despite his concerns about wealth inequality, Kirby expressed optimism about the broader U.S. economy, telling the newspaper that he believes the country’s future is “incredibly bright.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Anthropic silent on whether it will distribute shares to Americans following Musk SpaceX pledge

Anthropic silent on whether it will distribute shares to Americans following Musk SpaceX pledge

LARRY KUDLOW: No leading Dems have condemned Senator Elissa Slotkin’s Bolshevik weaponization of Republicans

LARRY KUDLOW: No leading Dems have condemned Senator Elissa Slotkin’s Bolshevik weaponization of Republicans

Cedar Point Millennium Force roller coaster reopens after bracket falls from ride

Cedar Point Millennium Force roller coaster reopens after bracket falls from ride

Capitalism needs a newer pitch as socialism gains ground, economist says

Capitalism needs a newer pitch as socialism gains ground, economist says

 million CEO lectures America on income inequality

United Airlines CEO calls for national wealth tax, inheritance taxes approaching 100%

Jamie Dimon warns of 5 economic threats lurking ‘under the surface’

Jamie Dimon warns of 5 economic threats lurking ‘under the surface’

Treasury identifies 0 million in suspicious activity tied to possible federal student aid fraud

Treasury identifies $270 million in suspicious activity tied to possible federal student aid fraud

TSA scales back airport gate access program for non-passengers

TSA scales back airport gate access program for non-passengers

Trump administration commits up to M to revive stalled Northeast natural gas pipeline

Trump administration commits up to $42M to revive stalled Northeast natural gas pipeline

Add A Comment

Leave A Reply Cancel Reply

Latest News

Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Melbourne: All Refugees Held in Hotel Detention to be Released

Melbourne: All Refugees Held in Hotel Detention to be Released

January 11, 2021

Subscribe to News

Get the latest USA News and updates directly to your inbox.

Editor's Picks
Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Facebook X (Twitter) Pinterest WhatsApp TikTok Instagram
2026 © US Times Mirror. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?