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Why is it so hard to tax billionaires? (Part 1)
PJ Vogt
Back then, instead of people becoming unimaginably wealthy by building and owning the infrastructure of the internet, people would become unimaginably wealthy by building and owning the infrastructure of physical things. Railroads, steel, oil. The fact that we have an income tax at all is a reaction to the problems of this earlier era. Here's how it happened.
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