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A Wall Street Journal report is spotlighting a problem critics have raised for years: America’s tax system is helping billionaires grow richer while making the broader economy more dependent on their wealth. As more economic activity is tied to a small group of ultra-rich households and the stock market, downturns can hit everyone harder. The report argues billionaires have pulled ahead in part because the tax code favors wealth over work. While top wage earners face steep tax rates, many billionaires build fortunes through stocks, capital gains, inheritance, and trust structures that let them avoid paying comparable rates. Some also use strategies like “buy, borrow, die” to hold onto wealth and pass it down with limited tax consequences. Efforts to tax the ultra-wealthy more aggressively face political hurdles, especially at the state level, where billionaires can threaten to move their money elsewhere. The result is a system where wealth keeps concentrating at the top, inherited fortunes keep growing, and ordinary workers end up carrying more of the tax burden. #economics #economy #billionaire #top1percent #politics

This made my day

Now I want a warm donut

“Just buy a new one”

Trust me, it gets better ❤️

Life is so interesting 😌

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