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I don't understand either the lionization or demonization of the rich as doing anything other than maximizing their self-interests (greed) with the power and we
by failwhaleshark 5y ago
I don't understand either the lionization or demonization of the rich as doing anything other than maximizing their self-interests (greed) with the power and wealth they've accumulated by compounding.
The purposeful gamification of the US tax system is self-evident by it's Enron-like accounting complexity.
The accretion over decades of a litany of exemptions and credits, numerous changes to the tax codes, and minimization/dodging chicanery are the evidence of regulatory capture by the rich to make themselves richer.
Furthermore, the special privileges afforded to the rich for their income and balance sheets compared to the property, savings, retirement, and income of individual workers is completely unfair.
Over a certain point of income, personal or corporate, the tax rate should increase geometrically.