You’re mixing up the "they"s. The rich accumulating money don’t pass the "progressive" tax structures. The government does that to "help" people and, by coincidence, increase its own power. The rent-seeking is inevitably created by government as it puts itself in the middle of everything with a hundred thousand regulations and so on. As …
You’re mixing up the "they"s. The rich accumulating money don’t pass the "progressive" tax structures. The government does that to "help" people and, by coincidence, increase its own power. The rent-seeking is inevitably created by government as it puts itself in the middle of everything with a hundred thousand regulations and so on. As government power over business and industry grows, the rich wealth creators pour money into the political process to try and control the decisions the government is making over their livelihoods as well as come up with complex exceptions to the tax code.
Government creates all these problems and then tries to solve them by more of the same, in an endless vicious cycle.
Midwits in Congress who have not the slightest idea of unintended consequences nor any interest in same nor capability of learning. In recent decades, as Congress has ceased to do its own work, it's been unelected midwits inside the Federal bureaucracy. Same but worse.
I can guarantee you "plutocrats" would write a very different tax structure (presumably more to their own advantage). Do big companies and the super rich spend a crap ton of money lobbying the govt to adjust those structures and create carve outs for themselves? Of course they do. Like everyone they are responding to the incentives that govt creates.
Unlike in Europe (where the middle class pays for its own benefits), here "the rich" pay the vast majority of taxes. Our code is more progressive than that of EU countries. The plebes here do have to pay payroll taxes, for which they will get a rude surprise when it turns out there is no money for them to get benefits back out in the future. More govt brilliance.
You’re mixing up the "they"s. The rich accumulating money don’t pass the "progressive" tax structures. The government does that to "help" people and, by coincidence, increase its own power. The rent-seeking is inevitably created by government as it puts itself in the middle of everything with a hundred thousand regulations and so on. As government power over business and industry grows, the rich wealth creators pour money into the political process to try and control the decisions the government is making over their livelihoods as well as come up with complex exceptions to the tax code.
Government creates all these problems and then tries to solve them by more of the same, in an endless vicious cycle.
Who do you think writes those progressive tax structures?
Midwits in Congress who have not the slightest idea of unintended consequences nor any interest in same nor capability of learning. In recent decades, as Congress has ceased to do its own work, it's been unelected midwits inside the Federal bureaucracy. Same but worse.
I can guarantee you "plutocrats" would write a very different tax structure (presumably more to their own advantage). Do big companies and the super rich spend a crap ton of money lobbying the govt to adjust those structures and create carve outs for themselves? Of course they do. Like everyone they are responding to the incentives that govt creates.
Unlike in Europe (where the middle class pays for its own benefits), here "the rich" pay the vast majority of taxes. Our code is more progressive than that of EU countries. The plebes here do have to pay payroll taxes, for which they will get a rude surprise when it turns out there is no money for them to get benefits back out in the future. More govt brilliance.