Oh yes, I don’t mean to imply anyone has it good, we’re all screwed in different ways. Just to say that the US is often not what it appears at all.
Capitalism creates oligarchs in different ways. Without taxes, Elon Musk has accrued immense wealth. There is almost literally no way for him to spend $400B of his wealth and return it to the economy. He can’t buy groceries or patronize stores to any meaningful degree. Large purchases such as super yachts just move the money to somewhere else. Without some sort of taxation to redistribute that wealth it sits with him like a bloated tick and allows him as a single, private citizen to put his fingers on the political scales of whoever wants a slice.
Oh yes, I don’t mean to imply anyone has it good, we’re all screwed in different ways. Just to say that the US is often not what it appears at all.
Capitalism creates oligarchs in different ways. Without taxes, Elon Musk has accrued immense wealth. There is almost literally no way for him to spend $400B of his wealth and return it to the economy. He can’t buy groceries or patronize stores to any meaningful degree. Large purchases such as super yachts just move the money to somewhere else. Without some sort of taxation to redistribute that wealth it sits with him like a bloated tick and allows him as a single, private citizen to put his fingers on the political scales of whoever wants a slice.
I don’t know what the solution is …