15 Dec 23
@phranny saidYes, this is how it should work on paper. And it would be a good thing (and probably actually MAKE America great again), if it really worked that way. This was America between Roosevelt and Nixon.
Regulated greed can be fantastic for the entire country. Henry Ford realized that assembly lines making loads of model T Fords that the middle class could afford would make him more money than catering only to the super rich. Any of the numerous problems you find with this can be easily resolved with proper, fair rules and regulations, including a progressive tax system which allows billionaires to exist but taxes them heavily.
What happens now, of course, is that since Reagan, the Republicans have effectively shouted down those who would regulate them or even tax them.