You are absolutely correct. It may have been less regressive a century ago when capital was trapped in a particular geography due to the limitations of the banking and other systems.<p>Its pretty easy technically to restore progressivism.<p>- You introduce regulation to make it difficult and expensive to maintain shell companies.<p>- Make compliance difficult for anonymous corporations and LLCs in states like Nevada. Make it difficult to bank if the principals are unknown.<p>- Reduce taxation on repatriated dollars.<p>- regressively tax ultra high incomes.