As more people recognize Juneteenth, there is also a risk that complicated historical events such as slavery, the Civil War, and emancipation become flattened and superficial in the national memory.
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For some of the nation’s wealthiest people, particularly Bezos and Musk, adding corporate taxes to the equation would hardly change anything at all. Other companies like Berkshire Hathaway and Walmart do pay more, which means that for people like Buffett and the Waltons, corporate tax could add significantly to their burden.
Commemorating Juneteenth is certainly appropriate. It marks the end of race-based chattel slavery, a massive economic system that enriched white slaveholders at the expense of Black laborers; and a system from which people across the country, not just the South, benefited.
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Congress did pass some reforms, but the long-term trend was a revolt in the opposite direction, which then accelerated with the election of Ronald Reagan in 1980. Since then, through a combination of political donations, lobbying, charitable giving and even direct bids for political office, the ultrawealthy have helped shape the debate about taxation in their favor.
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