We simply need to bring back that 90% federal income tax bracket we had in the 1950s. If we had the same tax policy today, a CEO or investor would be limited to 5 million dollars a year in earnings. This is what fixed everything.
If a CEO cannot personally get richer by cutting wages, cutting staffing, and outsourcing; all of it stops. That was the secret of affordability. Don't let a thousand rich people own everythjng. Tax them so we can have millions of working millionaires instead of 900 non-working billionaire elites.
As those 1950s taxes and post 1929 financial regulations were cut in the following decades, the wealth inequality that led to the great depression has returned.
If a CEO cannot personally get richer by cutting wages, cutting staffing, and outsourcing; all of it stops. That was the secret of affordability. Don't let a thousand rich people own everythjng. Tax them so we can have millions of working millionaires instead of 900 non-working billionaire elites.
As those 1950s taxes and post 1929 financial regulations were cut in the following decades, the wealth inequality that led to the great depression has returned.