Today’s billionaires are the real citizens of nowhere. They fantasise, like the plutocrats in Ayn Rand’s terrible novel Atlas Shrugged, about further escape. Look at the “seasteading” venture funded by Paypal’s founder Peter Thiel, that sought to build artificial islands in the middle of the ocean, whose citizens could enact a libertarian fantasy of escape from the state, its laws, regulations and taxes, and from organised labour. Scarcely a month goes by without a billionaire raising the prospect of leaving the Earth altogether, and colonising space pods or other planets.

Those whose identity is offshore seek only to travel further offshore. To them, the nation state is both facilitator and encumbrance, source of wealth and imposer of tax, pool of cheap labour and seething mass of ungrateful plebs, from whom they must flee, leaving the wretched earthlings to their well-deserved fate.

Defending ourselves from these disasters means taxing oligarchy to oblivion.

George Monbiot on oligarchy.

Hey you remember that time in the post-Depression era when the top marginal tax rates in the US and UK were in the 90% range? And how that funded the post-war economic booms that did everything from build massive of public infrastructure and (at least in the UK) funded the public health system? And how even to this day conservatives seem to spend all their time promoting the post-war era as a halcyon time of middle-class bliss while simultaneously dismantling every single public institution that helped bring it about?

Yeah. Funny, that.