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by burnt-resistor 23 days ago
It all started with political corruption, regulatory and policy capture of government by ever-increasing wealth, and deregulation and tax cuts that shifted incentives away from creating a middle class to creating a tiny cadre of billionaires. Taxing the rich heavily is vital to sustaining civilization, because without it, people are going to be much poorer relatively than they otherwise could've been and so they'll leave or not have kids.