alt Hacker NewsYou can tax whoever you want as much as you want but the problem is the industries from the past are no longer in this country.
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in 1800, 95% of American were farmers in 1900, some 65% of Americans were farmers in 2020, it's down to like 5%.
My point is some industries just die. And its okay. The solution is not to go backwards, but tax the winners of the change to subsidize and retrain the people who lost.
But in America, the extreme winners have convinced the rest of us that we shouldn't tax them, and Trump is now asking us to instead tax everyone more
Sure, but the industries of the future arguably are. At least for now.
It's not like money isn't being made in the US today.
No, but we have new ones.
The vast majority of industries from the past are now highly automated and would be made even more so if the alternative were paying US-scale living wages to the employees.
So you bring the factories back to the US, but 95% of the created jobs are for robots.
Problem solved...?
This was actually the real cause of the collapse of Zimbabwe. The tax base disappeared. People think it's just because they printed into oblivion but that's not the full picture.