I’ve known some of the ‘super rich’. Quite a few are genuinely nice people and their children are reared to be hard working and treat everyone with courtesy and kindness.
Few of the families who were wealthy in the late 18th and 19th centuries are still wealthy; it is more difficult to continue wealth than most people would imagine.
But there are many who live lives of total hedonism, divorced from regular folks. Some families have been wildly successful in accumulating and increasing wealth during the 20th century and their children have been taught by an amalgam of Progressives and wealth-management consultants whose conflicting advice should boggle the mind but somehow is beyond their ability to recognize. Financial experts help these people eliminate almost all taxes or hide them overseas.
No, I’m not interested in destroying them. I just want them to pay the taxes they normally would and don’t pay with the system we have now.
The best way to deal with this is to eliminate the current tax code and create a flat tax enshrined by an amendment in the U.S.Constitution and that percentage can’t be changed without changing the Constitutional amendment.
I agree. The tricky part is getting the votes needed to ratify such an Amendment. Is this possible in our lifetimes?