Numbers that Speak Volumes: For decades I’ve written and spoke on the effects of globalization and the damage done by the corporate-governance brand of economic policy; I’ve argued relentlessly in opposition to the now standardized argument the asserts that the deplorable state of domestic economics is directly due to the ill-gotten gains of the so-called One Percent when in fact the gains of the 1 percent are not at all the cause but the consequence of a global economic design. In short, no nation can survive in an inverse economic environment; where consumption far exceeds wealth, where wealth is concentrated in a narrow script of a national/global populace where wealth isn’t created it is merely consumed; where accumulated wealth is not from effort but more so because it is being strip-mined for purely consumptive purposes and the numbers don’t lie; a recent CBO report of 2011 income illustrates the point: Not only are the top 20 percent paying 100 percent of the entire federal tax burden of non-financed government spending which leaves 80 percent of the nation’s would-be tax payers, when offsetting government payments/receipts (for any number of Federal programs from which they receive benefits) paying nothing. A link to an analysis of the CBO report follows. CG aei.org/publication/new-cbo-study-shows-rich-dont-just-pay-fair-share-pay-almost-everybodys-share/
Posted on: Wed, 19 Nov 2014 02:47:29 +0000
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