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> The government can easily solve that through taxation if it so chooses.

Except the billionaires pay millions to ensure that doesn't happen. The system is corrupt by design.

Probably depending on country.

In the US the following shows how much tax is being paid by whom:

The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).