How American Corporations and the Super Rich Steal From the Rest of Us
The Merriam-Webster definition of 'steal' is to take the property of another wrongfully and especially as a habitual or regular practice. Much of our country's new wealth has been regularly taken by individuals or corporations in a wrongful manner, either through nonpayment of taxes or failure to compensate other contributors to their successes.
1. The Corporations
As schools and local governments are going broke around the country, companies who built their businesses with American research and education and technology and infrastructure are paying less in taxes than ever before. Incredibly, over half of U.S. corporate foreign profits are now being held in tax havens, double the share of just twenty years ago. Corporations are stealing from the nation that made them rich...
2. The Forbes 40
Defenders of inequality argue that fortunes are deserved because of innovation and hard work. But many of the 40 Americans who own as much as the poorest half of the country have relied on less deserving means of accumulating great fortunes (details here)...
3. The Deniers
After 35 years of wealth theft there are still inequality deniers -- notably the American Enterprise Institute, which claims that income inequality has been shrinking since 1989, and that we should be asking whether or not the bottom 60% are paying their fair share...
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