A recent report states the billionaires are worried over the state of capitalism. That worry has been set in motion over the poor view that the less wealthy have of them, and the movement to make billionaires pay their share of taxes.
So the richest in America worry that their continued obscene wealth is at risk of being diminished by even the smallest amount. They worry that the corporate tax rate cut from 39% to 20% will somehow be seen as unneeded enriching of corporations, with no value for working America. Of course, Amazon pays no federal taxes, and the effective tax rate for corporations like Boeing, Halliburton, Raytheon, Apple, IBM, etc. is single digits, not anywhere near 20%.
Hedge fund managers and those whose wealth is based on stocks, dividends pay smaller tax rates than most Americans making a hundredth of the amount that the wealthy earn. Yet Mnuchin, Ross, Jamie Dimon, TrumPutin tout their tax rates as the fuel for America's greatness.
Capitalism is not at risk, but the