A fediverse user wrote: “… they say we should get money out of politics, i think ideally we should keep billionaires out of anything that actually matters at all.”
That is well and good. It is easy to hate the big man. It is harder to love the little man. If we hate the fat cat while continuing to abuse the runt of the litter, are we any better than the fat cat? If we excoriate the rich while only giving lip service to the poor, wouldn’t such hypocrisy make us Pharisees at heart?
I do agree on a host of limitations upon billionaire involvement in politics and bureaucracy, such as abolishing campaign contributions to lobby groups and PACs completely and requiring candidates to spend their own money for advertising, and placing caps on how much money TOTAL can be received by any candidate for office.
I also think people should keep their hands out of their poor neighbors’ pockets by abolishing the income tax on employee wages and the property tax on primary dwellings.
Then the taxes can be excised from commerce between corporations, freight bills, imposts and duties. This would fundamentally alter both the economic and monetary system in favor of the have nots without a pile of even more abuse-prone laws and bureaucracy.
Corporations are creatures of the state and they should be taxed. All real estate held by all associations, corporations, and entities should also be taxed. This includes any non-domicile real estate held by religious corporations, churches, mosques, temples, etc. International and interstate non-profits should be abolished or taxed at a double or triple rate compared to those operating only within a domicile zone. Non-profit entities should be prohibited from operating outside the area of their domicile unless there is a compelling public interest approved by the legislature on a case-by-case basis. This would do away with many abusive tax shelter foundations and require the rich to put a big cut of that money to work in the economy instead of squandering it away in paper rents and interest-bearing schemes subsidized by the government through bank bailouts.
If citizens continue to virtue signal animosity for the billionaire class while supporting wage and home taxes upon the working class then such virtue signals are hypocrisy. Less energy spent hating the rich and more real energetic commitment to loving the working class would find its expression in a movement to relieve them of the burden of these evil twin taxes.
“The rich ruleth over the poor; the borrower is servant to the lender.”