The hard reality is our tax system is a mess that basically was manipulated to maintain the status quo.
The really hard reality is that beyond how much the rich pay versus the rest of us, the big issue in my book is wage stagnation, loss of decent full-time salaries that have been replaced with part-time minimum wage or contractor setups, and really just how much less average people are making relatively compared to their elders.
Tax policy needs to start playing the game of forcing the super wealthy to pay good wages with benefits and create more full-time jobs that pay good wages with benefits. They should be taxing companies that try to have a contractor workforce harder and reward companies that create more full-time good paying jobs with benefits.
We hear this song and dance to death. “Don’t tax the job creators”. We need to start rewarding companies that create good jobs that help people buy homes and raise families and stop helping or hoping on companies that create little economic mobility for average people. Tax breaks should be about companies and people who build economic benefit for the country.
Even better steps would be better safety nets like universal healthcare. Raise the corporate tax for it. If they want to complain, tell them how much money they are saving now that they don’t have to pay healthcare benefits to their employees.
They want to cry and moan saying they can’t recruit the best if they can’t offer healthcare? Go innovate better ways to attract talent.