I mostly agree with you, except: > Taxes need to go up... especially [on] the corporations This is a bit complicated. What does it mean to "tax a corporation

I mostly agree with you, except: > Taxes need to go up... especially [on] the corporations This is a bit complicated. What does it mean to "tax a corporation"? Do you tax revenue (even on unprofitable companies)? Do you tax profits (when Finance can instead divert profits to stock buybacks etc.)? Do you tax assets (even illiquid ones)? It's difficult to touch this without unintended poor consequences. It's better to tax personal assets above an exempted minimum, plus capital gains taxes. Allow tax-free: up to x acres of land, 1 apartment up to $x million (indexed to inflation) in value, x% ownership in enterprises valued at $x million or less, etc., then tax the rest annually at x%. As a matter of policy, balancing this against the illiquidity of assets is then a question of the size of the assets, asset types, cash flow of the illiquid asset, other liquidity in an individual's portfolio, etc. Does this mean that some of those assets will need to be sold or diluted to either pay or reduce the tax bill? Yes, but that's the societal good, because it dilutes the concentration of capital.