Post #17630 by ges on the US Policy board

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An excellent article in the NY Times about taxes on the wealthy and their role in our ever increasing wealth disparity.

https://www.nytimes.com/interactive/2024/05/03/opi...®i_id=96954166&segment_id=165876&te=1&user_id=e6affdf52fe9bfcd78f41474fda15788

Today, the superrich control a greater share of America’s wealth than during the Gilded Age of Carnegies and Rockefellers.
That's partly because taxes on the wealthy have cratered. In 2018, America's top billionaires paid just 23 percent of their income in taxes.

For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans.

Trump will make this disparity even worse. And the average MAGA Trump supporter is just baffled by BS without a clue of how they are being used.

The model for the Republicans now seems to be a Putin style oligarchy, corrupt, repressive and anti-democratic.

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