As far as taxation and redistribution were concerned, as he told a group of well-heeled donors at the Carlyle hotel in June 2019, it was time for America’s upper class to make concessions. Biden had no intention of “demonizing” wealth, but “you all know, you all know in your gut what has to be done. . . . We can disagree in the margins. But the truth of the matter is, it’s all within our wheelhouse and nobody has to be punished. No one’s standard of living would change. Nothing would fundamentally change . . . When you have income inequality as large as we have in the United States today, it
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