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Showing posts with the label Income Inequality

It Is Way Past Time To Significantly Raise Corporate Tax Rates...

  Good morning. What’s the No. 1 reason taxes on the very wealthy have declined? The fall in corporate taxes The little secret the cons and republicans have attemped to keep from Americans since the 1980's. It is well past time that cons and republicans are held responsible and accountable for the present egregious income inequality. The article... ‘A dirty little secret’ The New York Times - The main cause of the radical decline in tax rates for very wealthy Americans over the past 75 years isn’t the one that many people would guess. It’s not about lower income taxes (though they certainly play a role), and it’s not about lower estate taxes (though they matter too). The biggest tax boon for the wealthy has been  the sharp fall in the corporate tax rate . In the 1950s, ’60s and ’70s, many corporations paid about half of their profits to the federal government. The money helped pay for the U.S. military and for investments in roads, bridges, schools, scientific research and mo...

The Great American Income Shift...

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by: Les Carpenter Rational Nation U S A Lib e rty -vs- Tyr a nny There has been a great shift in wealth in America. As the video will show the shift is decidedly and hugely in the direction of the very top income earners. If this continues unabated our nation is staring down the barrel of great social unrest and the upheaval that always follows. Simply put the present income distribution scenario, if it continues on its current path will result in the system collapsing on itself. One way or another. Fixing Capitalism so a much broader base of Americans can create a measure of wealth and security for themselves and their family, thus growing the American middle class once again, is not socialism or collectivism. It is good common sense and it is the only thing that will ultimately save Capitalism. Corporations and CEO's were doing just fine back in the 50's, 60's, and 70's and so was the rest of America economically speaking. What has changed? Watch the video to ...