There’s a reason the United States is one of the most politically corrupt nations in the world. Stephan Colbert hits the head on the nail with his succinct analysis that wealth inequality will continue to grow in the United States so long as money in politics are at record levels.
The corruption, especially of the federal government, which is massive compared to the years from 1933 to 1980, began when President Ronald Reagan signed into law tax cuts for the rich. Supposedly, this trickle down economics, which had already been a complete failure during the first thirty years of the 1900s, was going to create jobs. Instead, the rich used their new found financial muscle to destroy jobs by pushing legislators for international income redistribution agreements, commonly marketed by those who benefited from these income redistribution scams as “free trade agreements.”
The result has been a progressively weaker US economy as tens of millions of jobs have been shipped overseas, thanks to these agreements. When a job is shipped overseas, the difference between the old, higher, US wages and the new, super low third world wages goes straight into the already fat wallets of the super rich via higher corporate earnings, rising dividends, and soaring share prices. The job losers get a few unemployment checks, if they’re lucky, and maybe a lower paying job, if they’re even luckier.
The proceeds of these treaties find their way into the campaign contributions and pockets of US politicians. And the cycle plays over and over again. More and more income redistributed via legislation from the 99 to the 1 percent, so that nowadays the rich and their legislative henchmen steal 37 percent of all income in the USA, compared to 8 percent before the Reagan tax cuts.
There are several other ways legislators help the super rich to steal from everybody else, such as passing legislation to privatize government services, force school districts to add more and more testing, and numerous other things.
Colbert is completely correct, except for one thing. Nothing will change unless a massive grassroots political movements overwhelms the money in politics, and then the money is taken out of politics. Go Bernie Sanders!