Why don't the poor vote in mass for it is incomprehensible considering e.g. the wealth inequality in the United States as of 2020!
Perhaps the election of Donald Trump in 2016 woke up the democrats at last, that they were just making empty promises without actually benefiting the poor? www.vox.com/2019/3/19/18240377/estate-tax-wealth-tax-70-percent-warren-sanders-aoc. Or is just another facade?
- www.npr.org/sections/money/2019/02/26/698057356/if-a-wealth-tax-is-such-a-good-idea-why-did-europe-kill-theirs If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs?
- www.youtube.com/watch?v=XzonR81vVzM The Mayfair Set, Episode 2 - Entrepreneur Spelt S.P.I.V. (1999) by Adam Curtis explains nicely how in the 60's, Jim Slater bought stock of inefficient companies, and sold off inefficient assets to make a profit.He managed to do that because previously people had regarded those companies as family companies, and never looked into the fact that they families weren't actually majority shareholders anymore.While this increased efficiency, it also fired many people, and the government didn't manage to change legislation fast enough to tax those profits to increase welfare.