THE STORY SO FAR: PART 262: TUESDAY

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.