Once again, the problem is that the banks aren’t being taxed. The reason the billionaires don’t pay taxes is that they buy everything with money they borrow from the banks.
Borrowing against assets should be income that cannot be offset by the debt.
The problem is more that one person can control billions in assets, particularly when the staff that generates the revenue that gives these assets value are in poverty.
Taxing billionaires will just get rolled back, the problem is Capitalism itself.
Collectivize the Means of Production.
LOL this isn’t going to last much longer. It’s like comedy at this point, what a trend. The system will break before they’re taxed appropriately.
Doubtful
So what do you see changing any time in the near future regarding this issue?
It will be a tug of war between the right and the left, leaning slightly right on economic issues pretty much forever.
America is basically run by large corporations. I don’t see them just willingly changing course. We will get small wins here and there, but nothing drastic for a long time.
Edit - the spice must flow
Capitalism naturally declines over time, that’s why America and other developed countries have expanded internationally via Imperialism in order to super-exploit the third world for super-profits. Capitalism cannot last forever, eventually third world countries will shake off US influence and the empire will crumble.
for the first time
Nobody ask about the long-term capital gains rate going back to Ronald Reagan’s '83 reform.
