The focus on tax increases or tax cuts is imo a distraction from the policies that actually create inequality.
Let's say that Bob and Jane each own their own shoe stores, but Bob gets special legislation that has the government pay 90% of his costs and provide 90% of his profits. At that point, you can tax Bob 50% and Jane 0%, it doesn't matter because Bob's shoe store is by far a net tax consumer and Jane's store is likely a net tax provider. Then Bob gets half of Jane's product line banned for arbitrary reasons. You can tax bob 75% and Jane 0%, it doesn't matter because Jane's business has a huge hurdle Bob's doesn't. Then make it so Bob can borrow billions of dollars basically for free and Jane needs to get normal loans. You can tax Bob 95% and Jane 0%, it doesn't matter because Bob is so far ahead Jane can never succeed.
Stuff like the above happens every day, and no political ideology has a monopoly on supporting them.
Let's say that Bob and Jane each own their own shoe stores, but Bob gets special legislation that has the government pay 90% of his costs and provide 90% of his profits. At that point, you can tax Bob 50% and Jane 0%, it doesn't matter because Bob's shoe store is by far a net tax consumer and Jane's store is likely a net tax provider. Then Bob gets half of Jane's product line banned for arbitrary reasons. You can tax bob 75% and Jane 0%, it doesn't matter because Jane's business has a huge hurdle Bob's doesn't. Then make it so Bob can borrow billions of dollars basically for free and Jane needs to get normal loans. You can tax Bob 95% and Jane 0%, it doesn't matter because Bob is so far ahead Jane can never succeed.
Stuff like the above happens every day, and no political ideology has a monopoly on supporting them.
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