Taxation or Tumbrels

Lord Bezos's upcoming wedding might come in at about $600 million. He's denying it, but considering that he dropped $2.5 million on the engagement ring and proposed on a yacht so large that there were plans to dismantle a bridge to get it out to sea. (They didn't, but it's still so honking large it needs a support ship to follow it around like a nautical butler.)

As much as I don't give a fuck about the Teamsters, I wish them well in their fight against the second-richest man on Earth.

The super-rich are almost daring us to take action against them. There seems to be three paths ahead: A police state, where the oligarchs stamp on our faces for fun and profit; taxation to cut down their fortunes to merely filthy rich; or a revolution to take them all down. This level of inequity cannot stand.

Bezos may be a canary in the coal mine with this wedding. And so is Luigi Mangione. Oh, the press is out there telling everyone that Luigi is evil and emphasizing "OMG, he kilt somebody", but those who live the sub-millionaire life, which is most of us, know the truth. Insurers, for example, deny that prosthetic limbs are necessary, figuring that people can be just as productive and active in wheelchairs, on peg legs and with hooks for hands.

Things will change, someday. The question is can it be managed to bring about a fairer society without a lot of turmoil.

The easy fix is to tax the billionaires down to a merely obscene level of wealth, to bring taxation back to 1950s levels and to tax capital gains over a certain amount as ordinary income (and pay into Social security). But since the billionaires have captured the incoming administration and one of them owns the GOP, I don't see it changing. Trump and his circle want to bring back 1890s America, where workers didn't have unions, worked for pittance wages and the plutocrats lived free and untxed lives. But what they may get is 1790s France, where the plutocrats got separated from their heads.