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Taxing billionaires will just get rolled back, the problem is Capitalism itself.
Collectivize the Means of Production.
For the FIRST time? Yeah, no. How about ALL the time?
Did you see a flaw in the analysis? Not sure what you mean
This is something Warren Buffet has been complaining about for years. It's not exactly a new development.
He’s talked about not paying his fair share. I don’t recall him ever saying “billionaires literally pay a lower effective tax rate”.
From 2012:
https://abcnews.go.com/blogs/business/2012/01/warren-buffett-and-his-secretary-talk-taxes
"Buffett's secretary since 1993, Debbie Bosanek, sat next to her boss just hours after being invited by the president to the State of the Union address, where the president made her the face of tax inequality in America.
Bosanek pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent."
Idk, I’m not seeing anything there that he acknowledged he paid a lower rate than the average American. He was just contrasting himself with one person. He didn’t say “rich people have a lower effective tax rate than everyone else”. He just says “I have a lower tax rate than this one other person”.
It means that methodologically collected data is less accurate than popular sentiment.
Not even our closest cousins would tolerate a member that hoarded bananas so. No, it would be fangs, and ripping and all sorts of face-eating, and a whole bunch of other stuff we should be taking inspiration from.
Tax the rich, the banks, and the churches. Then see if you still need anything from the normies.
The moneyed class wet dream come true. 🤬🤬🤬
LOL this isn't going to last much longer. It's like comedy at this point, what a trend. The system will break before they're taxed appropriately.
Doubtful
So what do you see changing any time in the near future regarding this issue?
It will be a tug of war between the right and the left, leaning slightly right on economic issues pretty much forever.
America is basically run by large corporations. I don't see them just willingly changing course. We will get small wins here and there, but nothing drastic for a long time.
Edit - the spice must flow
Capitalism naturally declines over time, that's why America and other developed countries have expanded internationally via Imperialism in order to super-exploit the third world for super-profits. Capitalism cannot last forever, eventually third world countries will shake off US influence and the empire will crumble.
AI and robotics are here, more people are seeing their futures stolen. If by "pretty much forever" you mean "about 5-10 years" then I agree. I said the system will break, I didn't say I see them changing course.