You wonderfully highlighted the impact of tax incentives on developments, especially in real estate. It's fascinating to see how these incentives have evolved over time and continue to influence investment decisions. Great conversation!
The wealthy pay taxes in most cases or are substantially lowered and nullified because of business expenses, depreciation, cost segregation, payroll, sales and disposition of capital assets strategies. The wealthy also use political influence to kill small business and competition, as well as monopolizing certain areas. The strategy now is replacing employees with machines which will ultimately lead to civil unrest, crime, and poverty so the wealthy are not concerned for society in the end as we see that most major corporations operate at a loss for tax benefits through leverage which contributes the most to inflation. This makes it harder for new generations to thrive a very vicious cycle that is coming to an end as the world economy collapses under this.
