"since JFK and especially since Carter/Reagan, the US has been losing its ability to tax the rich. It has increasingly chosen to tax the rest of the world, moving industry, in particular, to other countries. Those countries made what the US needed, and sold it to them in US dollars" @ianwelsh https://www.ianwelsh.net/the-proximate-cause-of-revolutions-is-inability-to-tax-the-us-is-losing-that/