Why Can't We Fund Universal Public Goods? Blame the Tax-Dodging Billionaire Nepo Babies | Common Dreams
www.commondreams.org
The wealthiest families in the U.S. are not only squandering their fortunes on frivolous luxuries, but also benefiting from a rigged tax system that allows them to pass down wealth without being properly taxed. How long will we allow the ultra-rich to manipulate the system in their favor, while vital programs for working and middle-class Americans are cut? It's time for Congress to unrig the tax system and ensure fairness for all. #TaxFairness #WealthInequality #BillionaireNepoBabies

But a report released by Americans for Tax Fairness (ATF) on Thursday shows how “billionaire nepo babies” don’t just waste their families’ fortunes. They also benefit from “a rigged system” that allows them to “pass that wealth down over generations without being properly taxed–often without being taxed at all.”

  • lettruthout@lemmy.worldEnglish
    10·
    17 hours ago

    A public good is a commodity or service that every member of a society can use without reducing its availability to all others. Typically, a public good is provided by a government and funded through taxes.

    Examples of a public good include a town road, park, or school. National defense is a public good. A public good may also be a basic need such as access to clean air and drinking water.

    Investopedia

    • pelespiritOPMEnglish
      13·
      17 hours ago

      And in most developed countries, healthcare.