Timothy Mellon — and the tens of millions he is shelling out to Trump, RFK Jr., and Republican candidates for the Senate and House — is the product of a tax system pioneered by his grandfather that allows the perpetuation of dynastic wealth and the maintenance of its political power.
The Mellon money trail exemplifies the perils of dynastic wealth — and why we need a wealth tax in America. Or the capital gains tax must be applied to the appreciated value of assets held during someone’s life, before they die and hand them off to their heirs at current market value.
The Mellon money trail exemplifies the perils of dynastic wealth — and why we need a wealth tax in America. Or the capital gains tax must be applied to the appreciated value of assets held during someone’s life, before they die and hand them off to their heirs at current market value.
Like his forebears (and like Donald Trump), Mellon rages only against those handouts that go to those born without silver spoons.
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