Originally Posted by
Leisesturm
The wealth of the living ultra wealthy is in tax havens. It buys nothing, funds nothing, does nothing. It could, but we don't have the political will to go after it. Sports cars, Yachts and Football Teams are ridiculous markers for wealth. You don't need to be a Billionaire to have a Yacht.
Their wealth buy SuperPACs, influence elections to promote their own agenda.
There are politicians that have the political will to change things, but without PAC money, likely they don't get elected into office.
Overturn Citizen United, disclose ALL financial contributions to campaigns.
Or better yet, impose equal amount of public fund to each candidate, zero private contributions allowed.
Every candidate is allowed the same amount of media coverage, divest ALL assets while in office. .
Zero conflict of interest allowed, maybe that could apply to SCOTUS and get Clarence Thomas kicked out.
No, you don't need to be a billionaire to have a yacht, but there are plenty of ways that millionaires & billionaire avoid paying taxes (write-offs, donations, etc)
Besides, plenty of taxpayer money go into billionaire (or millionaire)'s businesses in form of grants, contracts, subsities or special loans,
middle class or lower class never even have a chance to receive.
https://www.businessinsider.com/elon...arcity-2021-12
But hey, at least we have ebike batteries going up in flames to worry about.