We live in a sick society where billionaires can buy fleets of mega yachts and space ships but governments can't afford to keep functioning.
We have spent decades selling these billionaires government debt instead of just taxing them correctly.
We have spent decades selling these billionaires government debt instead of just taxing them correctly.
This is not a argument on if they should pay more tax or not, it is a argument about what affect it has relative to the discussion of a countries debt.
- billionaires. This isn't an easy fix, it would require a wealth tax or similar.
- the rest of the 1%. They are collectively far more wealthy than the billionaires, and the fix is actually quite simple: close the corporate pass-through tax loophole. Most of them are wealthy "small" business owners. The fix is simple, but difficult politically. There are a lot of people taking advantage of this loop hole, and they're quite influential and connected and.