Progressive taxation on wealth and income
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They can seek what they want. There’s no need to give in
Wealth and power still consolidate to use that wealth to influence governance to reduce and remove taxation on wealth.
Yup. European style social democracy is slowly being dismantled, in France & other countries. That’s the root of why protests are erupting there
Karl Marx observes in Das Kapital the capitalist always seeks to capture government and undo taxation and regulation. And as profits trickle towards the capitalist their influence on officials increases, accelerating the flow of gains, which grows at an exponential rate.