The US ultra-rich justify their low tax rates with three myths – all of them rubbish | Robert Reich | The Guardian

‘Many of the richest Americans had the advantages that come with wealthy parents. Jeff Bezos’ garage-based start was funded by a quarter-million dollar investment from his parents.’

Australia’s forthcoming tax cut for the rich and Truss announcement in the UK are just as indefensible and even increasing numbers of the current wealthy are against it.

A record share of the nation’s wealth is in the hands of billionaires, who pay a lower tax rate than the average American. This is indefensible

Source: The US ultra-rich justify their low tax rates with three myths – all of them rubbish | Robert Reich | The Guardian

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