The answer is because we haven’t figured out how to organize society so that wealth and power don’t consolidate.
And also if we did, it would be challenging to get there.
How Business Worked did a recent video Killing the Host which discusses why the ultra-wealthy engage in destructive behavior that kills the society they depend on.
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.
The answer is because we haven’t figured out how to organize society so that wealth and power don’t consolidate.
And also if we did, it would be challenging to get there.
How Business Worked did a recent video Killing the Host which discusses why the ultra-wealthy engage in destructive behavior that kills the society they depend on.
One simple thing would prevent hoarding of wealth and power: outlawing private ownership of the means of production.
But yes, getting there would be challenging.
Progressive taxation on wealth and income
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.
They can seek what they want. There’s no need to give in