I don't mind giving working people a $200 tax cut. Great idea! But when you give the Waltons a 20 million dollar tax cut at the same time, something is rotten in Denmark.
I mind when Exxon gets a billion or more in tax REFUNDS.
I mind when Amazon pays ZERO.
I mind the way Warren Buffett minds, that his secretary pays a higher tax rate than he does.
Yeah yeah yeah I've heard the stock answer: "Buffett can always mail a check for the difference if he feels that guilty."
That isn't the point.
This is precisely why capitalism is a doomed model.
Capitalism is only 150 years old. There hasn't yet been time for the average Joe to see the built in failure mode, mostly because the people who doom the system (billionaires, by today's standards) have been remarkable effective in making sure the vast majority of people don't get it.
Liquidity sumps are an immutable part of capitalism. Money arrives at these sumps and stops moving (ie, Apple or Amazon).
So Jeff Bezos wins, and all the wannabe tycoons lose, but still screech out their support for mathematically-guaranteed failure.
