Why Can't We Fund Universal Public Goods? Blame the Tax-Dodging Billionaire Nepo Babies | Common Dreams
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The wealthiest families in the U.S. are not only squandering their fortunes on frivolous luxuries, but also benefiting from a rigged tax system that allows them to pass down wealth without being properly taxed. How long will we allow the ultra-rich to manipulate the system in their favor, while vital programs for working and middle-class Americans are cut? It's time for Congress to unrig the tax system and ensure fairness for all. #TaxFairness #WealthInequality #BillionaireNepoBabies

But a report released by Americans for Tax Fairness (ATF) on Thursday shows how “billionaire nepo babies” don’t just waste their families’ fortunes. They also benefit from “a rigged system” that allows them to “pass that wealth down over generations without being properly taxed–often without being taxed at all.”

  • davidagain@lemmy.worldEnglish
    41·
    3 days ago

    It’s time for Congress to unrig the tax system and ensure fairness for all.

    It’s time? What’s the point of calling for this when Trump is about to become president and the republicans are about to take control of all three branches of government? Congress isn’t going to be helping anybody but themselves.

    • luciferofastoraEnglish
      2·
      3 days ago

      You’re right, but that doesn’t mean you should stop calling for it over and over. Make demands, even if you’re sure you’re never getting them, because if you don’t, you’re definitely not getting them. If the public keeps voicing its discontent, there’s a chance at least, no matter how slim, that they’ll concede ground, if only to avoid another Adjuster.

      • davidagain@lemmy.worldEnglish
        2·
        3 days ago

        You’re right of course, but it’s easy to despair that everything is going to get so much worse and it’ll be such a lot of work even to begin to rebuild the state after it’s demolished in favour of unlimited, unchecked billionaire and corporate power.