Why can’t any government in the world aim to tax ultra rich more whilst making easier for small to medium large businesses to thrive. And policies on property supply rather than property buyers like all sorts of first time buyers programs.
Why are only same old policies keep being peddled when the world is still going to shit?
That doesn’t involve reducing the government size and budget entirely or subscribing to any extreme left or right?
For clarity, China does tax the ultra-rich, they just don’t try to solve the conditions that give rise to wealth inequality through taxation alone like the Nordic Countries do, but through vast and rapid development of the productive forces. The former method, if exclusively focused on, can end up lengthening the process, whereas it is through development of the productive forces that the conditions that give rise to wealth inequality can be truly ended for good.
Essentially, if 1 hour of labor in China can produce more on average than 1 hour of labor in, say, the US, then it becomes easier to fulfill the needs of all, while simultaneously preparing the ground for increasing the ratio of production in the public sector (which works best with large, massive firms, rather than smaller firms, which work best with markets). This is why Marx says markets erase their own foundations as they develop.