One observation I have on this topic and how the corp. media (vox, et al) handles the topic: The proposed solutions are always along the lines of increased inco

One observation I have on this topic and how the corp. media (vox, et al) handles the topic: The proposed solutions are always along the lines of increased income taxes, which impact people who are getting wealthy (high earning doctors, execs, entrepreneurs, etc). I rarely see discussion from corp. media on wealth taxes, which would impact the already wealthy. It is not widely known that billionaires don't have large "incomes" and therefor don't pay large relative amounts of income tax. The interesting outcome of this policy approach, is it's actually protecting the ultra rich from more competition (more wealthy people competing for influence & assets). Which means billionaires can maintain more socio-political control with their wealth with very high marginal income tax rates. Billionaires (who want to maintain power) do not want a lot more millionaires. The next time a progressive advocates for high marginal income tax rates, ask them why they want to protect the 1% from competition. :-) Edit: My personal preference is a 0.05% tax on any transfer between a LLC and it's owners (dividend, buyback, payroll to stockholders, or equivalent). I would also insist that this new tax be only allowed to flow to a direct citizen payment fund e.g. universal income (as I don't believe the captured bureaucracy will use it effectively or not just end up redirecting it back to billionaires). And for my liberty minded friends, think of it as a payment for limited liability protection for the owners (something that doesn't exist in a true free market. a government intervention that helps crony capitalism in some manner). If owners of a company want to avoid the tax, they can incorporate where their wealth is at risk for the damages their org does.