As the quote from Warren Buffet I provided shows, it’s exactly the same thing in the US.
My point is that those working for a Finance and Economics magazine in the country of the World with a massive International Tax Evasion & Avoidance industry are very much aware that the people with the most money do not “pay for everything”, quite the contrary: they take more from the common pot via industry subsidies, the cost for the taxpayer to uphold Property Law for their assets and the societal side effects of wealth inequality - from the need for unemployment and other benefits to higher Crime due to inequality - than they put in taxes - they’re parasites, not contributors.
Further, the top 1% of wealth in the US don’t own 30% of all the wealth in the country throught their annual wealth increase only being 0.1% of GDP as implied by how they framed their argument around that single loophole.
That claim that a specific “loophole benefiting the very wealthy” only amount “0.1% of GDP” is either a lie or they cherry-picked a single loophole and chose not to mention all the other ones, which is a lie by omission.
Lying by omission like that definitelly matches my own experience from reading it, on how The Economist frames things and dishes out selective half-truths to “form opinion” either to excuse (even celebrate) the very wealthy or spread a message of “there’s nothing we can do about it, better just do nothing” when it comes to make them pay their fair share into the common pot - the propaganda technique of this magazine doesn’t seem to have change in the decade and a half since I stopped reading it.
As the quote from Warren Buffet I provided shows, it’s exactly the same thing in the US.
My point is that those working for a Finance and Economics magazine in the country of the World with a massive International Tax Evasion & Avoidance industry are very much aware that the people with the most money do not “pay for everything”, quite the contrary: they take more from the common pot via industry subsidies, the cost for the taxpayer to uphold Property Law for their assets and the societal side effects of wealth inequality - from the need for unemployment and other benefits to higher Crime due to inequality - than they put in taxes - they’re parasites, not contributors.
Further, the top 1% of wealth in the US don’t own 30% of all the wealth in the country throught their annual wealth increase only being 0.1% of GDP as implied by how they framed their argument around that single loophole.
That claim that a specific “loophole benefiting the very wealthy” only amount “0.1% of GDP” is either a lie or they cherry-picked a single loophole and chose not to mention all the other ones, which is a lie by omission.
Lying by omission like that definitelly matches my own experience from reading it, on how The Economist frames things and dishes out selective half-truths to “form opinion” either to excuse (even celebrate) the very wealthy or spread a message of “there’s nothing we can do about it, better just do nothing” when it comes to make them pay their fair share into the common pot - the propaganda technique of this magazine doesn’t seem to have change in the decade and a half since I stopped reading it.