2 ms·
We got the robber barons because we hadn't learned to break up monopolies and because transportation was poor. We may be headed back in that direction. We keep
by burfog 7y ago
We got the robber barons because we hadn't learned to break up monopolies and because transportation was poor.
We may be headed back in that direction. We keep adding required functionality to cars, driving up the cost. We keep allowing mergers of phone, oil, and airline companies.
I don't think income tax plays a part. The super wealthy don't pay it. Many of them take a token salary, often just $1. It's control of a key business that matters anyway, not the wealth of an individual. Somebody could live in their open-plan office, sleeping under a desk, and still have a major impact on our lives.