The rich are making off like bandits because they are. The affluent have purchased enough legislation to ensure a constant redistribution of income from the 99 percent to themselves, they’ve bought tax breaks from legislators, free trade income redistribution treaties, income redistribution privatized government services, income redistribution deregulation, and you get the picture.
But here’s the more important thing. There’s not a schred of evidence that a single job has been created because of tax breaks for the rich. All the evidence points the other way; tax breaks for the rich destroys jobs. Think about thirty years of tax breaks for the affluent, and how many private sector jobs have been created because of them? Especially during the last twelve years? Try zero.
When the rich get tax breaks, that allows them to purchase the favors of legislators, which means income redistribution. The 99 percent has less and less money to buy stuff, which means layoffs, not job creation. The affluent have stolen 93 percent of total income growth in the USA for the last two years. That means the economy can’t grow jobs at any historically serious level because the 99 percent can’t buy goods and services since they’re only getting a teeny tiny slice of the income growth pie.
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