GET DE FACTO CONTROL OF CONGRESS—WHICH THE RICH HAVE CERTAINLY DONE—AND WONDERS CAN BE PERFORMED.
CORPORATE PROFITS—WAY UP
TAX ON CORPORATIONS—WAY DOWN
Corporate tax used to provide about a third of the government’s revenue back in the Fifties. Now it provides about 10%—a truly massive decline. Similarly, the Rich, who own the majority of corporate stock, have seen their tax—as a percentage of earning fall dramatically.
The consequences are plain to see.
- The Rich get richer.
- The government is short of revenue and has to both cut back on services and borrow.
- Essential investment in infrastructure is neglected.
- Income inequality increases massively.
It’s all happening folks—and very little is being done about it.
Meanwhile, the earning power of most Americans is actually shrinking.