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The Super-Rich & Income Taxes

Writes Bill Madden

This lady provides a comprehensive analysis of how our wealthiest families allow us to pay most of the taxes considering gross income.  She didn’t mention the very obvious fact that our wealthiest families have the ability to “influence” our politicians and bureaucrats so that laws are written to accommodate their desire to continually increase their wealth. 

Our wealthiest families are major stockholders of Corporate America who use corporate money to “influence” everybody and everything posing as an obstacle to their pursuit of more wealth.  We subsidize the large corporations with our purchasing and their gifts of corporate welfare.  When they need more money, the oligopolistic competitive environment allows them to simply raise their prices.

She seemed to brush over the family tax-free foundations which hold enormous family wealth to minimize the taxes on dividends, interest and capital gains.  She didn’t mention tax-free offshore accounts which minimize any tax exposure for increases in wealth to zero.  She also didn’t mention the special tax provisions for our wealthy hedge fund managers where they are taxed at a much lower rate because, I assume, they make too much money.

There are many smart individuals with great ideas on increasing the concept of fairness in our country but nothing will ever be changed as long as our government is controlled by super-rich families enjoying the wealth transferring from us to them.  Venezuela is a fine example.  Hugo Chavez kicked Corporate America out of Venezuela and they have been trying to get back in ever since.  It’s to the point that we now have the “Peace President” blowing up boats near Venezuela suspected of running drugs while completely ignoring the Mexican drug cartels and the cocaine shipments flowing from other South American countries.  The regime change in Venezuela is because, with socialism, governments own the productive capacity and not the super-rich owners of Corporate America. 

In essence, our government is going to war with Venezuela using B.S. justification just to placate some of our richest campaign contributors.  That’s control of the country!

 

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