The old robber barons funded libraries, museums, foundations and universities.
Today's wealthy look more like Scrooge McDuck than Andrew Carnegie, Henry Clay Frick, John D. Rockefeller, J.P. Morgan and Cornelius Vanderbilt.
Outside of socially conscious ball players like LeBron James, today's wealthy want more money, money, money. The Trump administration, packed with idiot billionaires, stands ready to help its wealthy pals and their children, while taking kids away from poor refugees seeking asylum at the border.
Steven Mnuchin, Trump's treasury secretary, told The New York Times he wants to give the top 1 percent wealthiest Americans a $100 billion tax break by allowing them to subtract the amount of inflation from their capital gains, then paying their taxes on the reduced amount.
After last year's massive income tax cut has proved political poison, Congress won't touch indexing capital gains to inflation. Never mind, Mnuchin and his munchkins are looking into whether Treasury can impose the tax cut by executive action.
That would bring lawsuits, since the Constitution gives Congress taxation authority. But the Trump-stacked Supreme Court likely would approve the capital gains scheme, opening the door to further executive abuses.
Remember that photo of Mnuchin and his trophy blond wife ogling dollar bills at the U.S. Mint?
I more and more believe that like Uncle Scrooge, Mnuchin and his fellow billionaires have rooms where they can go and wallow in their money. Now, under Mnuchin's plan, they can have even more dollars and gold coins to stream through their fingers.