The poor and middle pay taxes, the rich pay accountants, the very rich pay lawyers – and the ultra-rich pay politicians. It’s not an original remark, but it bears repeating until everyone has heard it. The more money billionaires accumulate, the greater their control of the political system – which means they pay less tax, which means they accumulate more, which means their control intensifies.
They reshape the world to suit their demands. One of the symptoms of the pathology known as “billionaire brain” is an inability to see beyond their own short-term gain. They would sack the planet for a few more stones on the pointless mountain of wealth. And we can see it happening. Last week delivered the biggest news of the year so far, perhaps the biggest news of the century. But partly because billionaires own most of the media, most people never heard it. We might find ourselves committed to a civilisation-ending event before we even learn that such a thing is possible.
