The income tax code is structured such that, if you’re clever and have the ambition to work it, you can attain some moderate wealth... UP TO A POINT.
They really start slamming you when you get into an income range that would allow you to “break through”. They take away nearly all the deductions and you’re slammed with a huge tax bill that “keeps you in your place”.
Now, the very rich have some very narrow tax shelters unavailable to the “upstarts”, and that protects their wealth and protects the wealthy’s elite status.
It's worse than that. They use that foundation money to make "charitable donations" to NGOs that sue complicit federal agencies for regulations that put their upstart competition out of business. It is the essence of the operating structure of the "environmental protection" scam, the "worker safety" scam, the "public health" racket, the...
This is a war of old money versus the entrepreneurial class.