Does America need a Wealth Tax? The Wealth Tax debate will expand because America has more billionaires with more money after the COVID-19 pandemic. The number of US billionaires rose by 15% between 18 March 2020 and 10 March 2022, Americans for Tax Fairness estimates. The group estimates there were [614 US billionaires in March 2020](#gid=1259834744) and 704 billionaires in March 2022. Total US billionaires’ wealth grew from $2.948 trillion on 18 March 2020 to $4.621 trillion on 10 March 2022.