fillippone
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March 12, 2019, 02:38:08 PM
Merited by LoyceV (1)

... total household debt increased by $32 billion (0.2%) to $13.54 trillion in the fourth quarter of 2018



Everyone is drowning in debt because people aren't being paid for what they produce. Time to tax the billionaires.
Or, putting it in another way, the rise in productivity hasn't been driven by worker, but by machinery, that haven't been taxed properly.
Of course you cannot tax a machine, but you can tax the owner of such machine, or capital: the corporations.
BUT guess what happened to corporate tax in the U.S. in the last decades?
So, no, taxing the billionaires is not the right way to do so.