Steve July 10, 2022

The danger that extreme wealth poses to democracy is ever-present, and the idea that it must be restrained is almost as old as democracy itself. In 1792, Thomas Paine wrote that the freedom of elections was “violated by the overbearing influence” of inherited wealth, and proposed an extremely aggressive wealth tax that would have put a hard ceiling on how much wealth a person could accumulate. Nearly a century ago,

from Salon

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