Still following the book mentioned in the post above and the fact that in March of this year Nobel Stiglitz explained that many billionaires in TRUMPLAND found that its more lucrative to put money on politics to get lower taxes in return than to invest that money on a business. Then its not a surprise when we recently heard about the billionaire Leon Cooperman that cried (but surely not for the several hundred thousand homeless of TRUMPLAND) because Elizabeth Warren wants to strike a fatal blow in that nasty practice: http://nymag.com/intelligencer/2019/11/spare-a-thought-for-poor-leon-cooperman-crying-billionaire.html
Billionaire Leon Cooperman also says that Bernie Sanders “doesn’t have a clue” that “capitalism works.” probably because he loves the motto of Google´s CEO "tax avoidance is just capitalism in action" and would love very much to pay as much taxes as Apple, exactly 0.005%: "The European Commission concluded that Apple had paid an effective corporate tax rate of just 0.005 percent on its European profits" https://www.thelocal.it/20191203/us-warns-italy-not-to-introduce-tax-on-tech-giants
Of course It's important not to forget that Leon Cooperman is the same billionaire that cut a deal to escape an accusation of insider trading. Coincidently the notorious pedophile billionaire Epstein also cut a generous deal. https://www.businessinsider.com/trump-labor-sec-alexander-acosta-helped-epstein-plea-deal-2019-7 Its amazing how billionaires in America are used to cut nice deals with Justice. Maybe they should consider changing the name of USA to UBCNDT (United Billionaires Cutting Nice Deals of TRUMPLAND).
Here in Europe they could never cut deals of any kind because in here billionaires do not have a Constitution of their own. Also because Germans hate tax evaders and 1 million euro tax evasion is just what it takes to get jail time. Germans have even put in jail their beloved President of Bayern Munich, Uli Hoeness. They also dislike wealth inequality like that Germany deputy that wrote in the report below: "wealth inequalities are as immoral as they are grotesque"
And the hard truth is that in a world that cannot grow https://pacheco-torgal.blogspot.com/2019/11/a-spectre-is-haunting-overdeveloped.html there´s only one place where we can get the money needed to sustain billions of poor people, in the deep pockets of billionaires, because as Professor Jeffrey Sachs has put it if we divide the world GDP by all human that corresponds to $19,000 per capita. And that is paramount to tackle poverty driven terrorism https://pacheco-torgal.blogspot.com/2019/09/2019-paper-by-german-researchersincome.html
So even if in a degrowth world the GDP crashes 10% or even 20% there is still enough wealth to allow billions to have basic living conditions. Maybe all we have to do is to try a different approach as it was recently advised by Professor Eugene McCarraher in here https://www.amazon.com/Enchantments-Mammon-Capitalism-Religion-Modernity/dp/0674984617
