The Lurker
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Shocking Report Shows America's Top 1% Now Richer than Bottom 90% COMBINED
I would suggest reading the article, as it's not long.
Basically, from what I can gather from this article, our tax dollars go to the wealthy in this country. I personally don't think that that should be the case.
What do you think?
Of course, becoming rich is no reason for alarm. Many people work very hard to save money and acquire wealth. This is the beauty of the free market. However, it is how these few people gain such vast amounts of wealth, that is cause for concern.
The ruling elite in the United States quite literally hand-pick politicians and pay for their campaigns to put them in office. More than half of all donations provided to the 2016 presidential candidates in the year 2015, in both parties, proves this notion as they came from a mere 158 families.
The 158 families, who’ve donated billions of dollars to these candidates, have entirely different reasons for choosing their politicians versus Joe Sixpack. Consequently, it is for this reason that Joe Sixpack’s requests are completely ignored by the next puppet to be placed in office who claims to represent him.
David Brunori, a Forbes contributor, noted three years ago concerning a report titled, “Subsidizing the Corporate One Percent,” that “three-quarters of all state economic development subsidies went to just 965 corporations since the beginning of the study in 1976. The Fortune 500 corporations alone accounted for more than 16,000 subsidy awards, worth $63 billion – mostly in the form of tax breaks.
“Think about that. The largest, wealthiest, most powerful organizations in the world are on the public dole. Where is the outrage? Back when I was young, people went into a frenzy at the thought of some unemployed person using food stamps to buy liquor or cigarettes. Ronald Reagan famously campaigned against welfare queens. The right has always been obsessed with moochers. But Boeing receives $13 billion in government handouts and everyone yawns, when conservatives should be grabbing their pitchforks.”
Grossly inflated subsidies are provided to the oil and gas industry, the pharmaceutical industry, and the agriculture industry, or Big Ag. Corporations garner tax subsidies from state and local governments. And the biggest corporations fund lobbyists — and win hundreds of billions in federal contracts.
I would suggest reading the article, as it's not long.
Basically, from what I can gather from this article, our tax dollars go to the wealthy in this country. I personally don't think that that should be the case.
What do you think?