The Business of America is No Longer Business – It’s Finance
The rich today are making money not from making things, but by manipulating money. This is being done in such a way that it is driving the inequality process. It is ruining the middle class while exporting their jobs. The tax structure of the US engineered by Ronald Reagan, Alan Greenspan and their Republican followers has incentivized the creation of great wealth in a few hands while driving the majority of people into poverty.
So-called trickle down economics has only spurted up. While the rich have many ways of escaping paying taxes, middle class people are stuck paying them to a larger and larger extent. The government needs money to operate, and, if the rich don’t pay their fair share, the middle class has to make up for it. US tax policy makes sure that it does. [Read more…]