It didn't magically happen. It happened because we have a tax code that has allowed wealth to be taxed at a lower rate than wages and where We put the burden of taxation, often on small and medium sized businesses while multinational corporations don't pay a single dime. And that's why we need a. We need to tax billionaires, we need to tax wealth. You know, we're living at a time, you know, when you and I were in school, we studied the Gilded Age. (12:49–12:59)
CLAIM
Asserts that small and medium businesses bear more tax burden than multinational corporations.
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