>> If it is income, wealth tax, capital or some new form, the outcome has been clear.
In 1980 the US Govt collected $517 billion in taxes ($1.68 trillion in 2020 terms). In 2020 this number was $3.71 trillion. So then, the US Govt is collecting over 2.2x in taxes and inequality keeps getting worst.
How can it be that with more tax revenues, people are worst off?
The end result is a much more unequal society with the attendant effects on politics, happiness and social stability.
The rise of the nativist right, the skewing of Dems to educated progressive elite and the abandonment of the bottom 50%.
If it is income, wealth tax, capital or some new form, the outcome has been clear. This article shows the process of rising inequality.
Income tax or not.