Idk about the interest rate action, they've been at near zero for basically twenty years, and that means free money for big players to then turn around and pump up the stock and bond markets, as Varoufakis said, pushing 'paper values.'

One thing that marked those 20 years of near-zero interest was low inflation. The Fed spent most of that time fighting deflationary pressure and often missed its target on the low side. It wasn't until workers demanded more to risk their lives in a pandemic that inflation became an issue. This present inflation is only partly due to wages and partly due to supply chain issues (that the companies and their purchased Congresscritters caused). It is mostly a big FU signal from the investor class to workers for their audacity to want to afford both housing "and" food with their multiple jobs.

Also, the concept of the mega-monopolies driving inflation as "borrowers" of cheap money is in error. Most are "lenders" at some level and the interest they charge themselves is primarily to manipulate taxation. Look at any large corporate ownership chart and you'll find "XYZ Capital" as one of their subsidiaries. Those are also the primary beneficiaries of interest "received" from Treasury bonds, so no rate is a deterrent to them.

I'm down for the taxation as well, but in our 'race to the bottom' free markets, capital just moves to Ireland or freaking South Dakota.

Capital exodus is another myth. US dollars only exist in the US banking system and are always within the reach of the IRS. Also, imports are a net positive for our economy. It is only the concept that a "job" must entail making a profit for a corporation that turns that on its head. That is the fault of a corrupt Congress unwilling to regulate.

I don't believe in corporate taxes anyway, but do believe in tight regulation. Taxing corporations/businesses is just a hidden tax on consumers and blackmailing fodder for our representatives to make themselves wealthy and allow them to be non-responsive to the citizens. Taxes haven't been a funding mechanism for federal spending since '34 and is responsible for more propaganda and corruption in business than it is worth.

South Dakota is its own issue and isn't relevant to federal regulation. It is just a bit ahead in the race to the bottom. I lived there when a couple of big banks moved there and there wasn't enough money in the world to entice me to stay.