@GhostOnTheHalfShell
I found this para an interesting summary… albeit usual depressing ending
(the rest of the article is about American billionaires’ “giving pledges” - now out of fashion, apparently):
“Wealth last concentrated at such levels during the original Gilded Age, the 1890s through the early 1900s, and the correction didn’t come from philanthropists. It came from trust-busting, the federal income tax, the estate tax, and eventually the New Deal. It arrived as policy that was driven by political pressure too powerful to be ignored. The institutions that forced that correction — a functional Congress, a free press, an empowered regulatory state — look considerably different today.”
https://techcrunch.com/2026/03/15/the-billionaires-made-a-promise-now-some-want-out/

#wealthConcentration #GildedAge #correction #taxes #institutions #USPol
#reconnectingconsequencesToCauses

@jerry

@GhostOnTheHalfShell
I found this para an interesting summary… albeit usual depressing ending
(the rest of the article is about American billionaires’ “giving pledges” - now out of fashion, apparently):
“Wealth last concentrated at such levels during the original Gilded Age, the 1890s through the early 1900s, and the correction didn’t come from philanthropists. It came from trust-busting, the federal income tax, the estate tax, and eventually the New Deal. It arrived as policy that was driven by political pressure too powerful to be ignored. The institutions that forced that correction — a functional Congress, a free press, an empowered regulatory state — look considerably different today.”
https://techcrunch.com/2026/03/15/the-billionaires-made-a-promise-now-some-want-out/

#wealthConcentration #GildedAge #correction #taxes #institutions #USPol
#reconnectingconsequencesToCauses

@jerry