This is the “wealth redistribution” version of regulatory capture.
Guarantee that Pelosi “redistribution of wealth” will feature repeal of the state and local tax deduction cap, even more tax free silicon valley, hollywood and wall street stock options, carried interest, and “hollywood accounting”.
Oh, and higher minimum wage, and higher income and payroll taxes on small business owners.
Here’s an idea for the likes of Pelosi. Want to do something real about wealth inequality ?
Do like Putin.
For liberal millionaire politicians and their billionaire backers, take away all their money, and put them in jail !
The higher taxes on employers with the increased minimum wage is often ignored; for taxes like Social Security, they pay more with the employer half while involuntarily funding the increased contributions of the employees as well.
The last dozen years have been a war on the American middle class; it is rapidly being wiped out.