After the great Recession, the top 0.1% and the bottom 90% now hold the same amount of wealth for the first time since 1937. Want to live in a feudal society/aristocracy? Vote for the lower taxes, lower wages, less regulations, less workers’ rights, pro-mercenary/privatization of war party. The Unstoppable Rise Of US Wealth Inequality, Visualized Continue reading The Unstoppable Rise Of US Wealth Inequality, Visualized
Crony capitalism – a capitalist economy in which success in business depends on close relationships between business people and government officials. UPDATE/DISCLAIMER: The post at lewrockwell.com I listed as the source has been updated with more information about the origin of these diagrams. They were created by Stephanie Herman and are now accompanied by links … Continue reading This is crony capitalism.
Happy Tax Day! With an odd element of fanfare, the Associated Press wants you to know one thing about America’s tax code: it’s broken and everybody knows it. In all, the Tax Policy Center estimates that 45 percent of U.S. households will not pay any federal income tax this year. “The vast majority of those who … Continue reading Tax Rates Down Dramatically for the Super Wealthy