From Hamilton Nolan:
The War Against Accumulated Capital
Either pass wealth taxes or learn to love digital feudalism.
excerpt:
"The most important political task in America is clawing back the vast fortunes (and the vast power they create) of the ultra-rich. This task is more fundamental than all of the other important things—climate change, immigration, health care, you name it—because if we do not do it, then the path to democratic achievement of all of the other things will be permanently foreclosed. The second Trump administration is a preview of the model of governance that comes next: An indulgent, hollow-minded elected leader who gives billionaires and their companies carte blanche in exchange for their corrupt support. This is fascism. While most of us pay attention to the various abuses of the regime, the oligarchs themselves don’t care very much. What they want is for their own interests to sit on top of those of the public and the government, and for democracy to dissipate under the pressure of corporate control. If we do not do something about the fact that a handful of centibillionaires are indistinguishable from the White House now, this is our future."
#Oligarchy #fascism #TaxTheRich
The whole at https://www.hamiltonnolan.com/p/the-war-against-accumulated-capital
