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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow the Super-Rich Are Abandoning America
The wealthiest Americans who hate "takers" enjoy $2 trillion in special tax carve outs, more than double the entire annual budget of Social Security.
As they accumulate more and more wealth, the very rich have less need for society. At the same time, they've convinced themselves that they made it on their own, and that contributing to societal needs is unfair to them. There is ample evidence that this small group of takers is giving up on the country that made it possible for them to build huge fortunes.
They've Taken $25 Trillion of New Wealth While Paying Less Taxes
The 2013 Global Wealth Databook shows that U.S. wealth has increased from $47 trillion in 2008 to $72 trillion in mid-2013. But according to U.S. Government Revenue figures, federal income taxes have gone DOWN from 2008 to 2012. Even worse, corporations cut their tax rate in half.
American society has gained nothing from its massive wealth expansion. There's no wealth tax, no financial transaction tax, no way to ensure that infrastructure and public education are supported.
Just how much have the super-rich taken over the past five years? Each of the elite 5 percent -- the richest 12 million Americans -- gained, on average, nearly a million dollars in financial wealth between 2008 and 2013.
- See more at: http://thecontributor.com/economy/how-super-rich-are-abandoning-america
djean111
(14,255 posts)Demeter
(85,373 posts)except for a sore loser here or there. NO, the title is misleading.
Demeter
(85,373 posts)If they couldn't suck the juices out of the US and several other countries, they'd have to spend their wealth. Become "poorer". Contribute back to society.
The parasites must be stopped, or the host countries will die.
HereSince1628
(36,063 posts)Organisms that develop inside their host and depart to complete the life-cycle by laying more eggs elsewhere, often killing it.
An interesting things about the population dynamics of such things is that they are typically unstable typified by populations that flush and then crash. I can only wonder if there will be a parallel between the economic and parasite dynamics.
lonestarnot
(77,097 posts)GeorgeGist
(25,323 posts)who will flush their toilets?
They seem to be entirely helpless to do anything of substance on their own.