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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEconomic apartheid: Explosive report shows how rich Americans have their own “private tax system tha
Economic apartheid: Explosive report shows how rich Americans have their own private tax system that saves them billionsby Ben Norton at Salon
http://www.salon.com/2015/12/31/economic_apartheid_explosive_report_shows_how_rich_americans_have_their_own_private_tax_system_that_saves_them_billions/
"SNIP..............
A system of governance in which different segments of society live under distinct sets of laws is an apartheid regime. An explosive report by The New York Times shows how the U.S. is ruled by a system of economic apartheid one in which the rich have their own set of laws, while everyone else toils under a separate, harsher legal system.
.......
American economic apartheid was made perhaps most evident when a rich teen got off of manslaughter charges by claiming he suffered from affluenza, or having too much money. Yet the problem runs much deeper, and pervades the political system itself, the new report shows.
Wealthy Americans have access to institutions and opportunities that are rarely available to the working class, such as tax courts and even private negotiations with the IRS. They see it as an investment. A political scientist told the Times the rich pay millions of dollars for these services, and save in the tens or hundreds of millions in taxes.
This sophisticated and astonishingly effective apparatus for shielding their fortunes, as the Times calls it, is referred to as the income defense industry, and consists of a high-priced phalanx of lawyers, estate planners, lobbyists, and anti-tax activists who exploit and defend a dizzying array of tax maneuvers, virtually none of them available to taxpayers of more modest means.
.................SNIP"
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Economic apartheid: Explosive report shows how rich Americans have their own “private tax system tha (Original Post)
applegrove
Dec 2015
OP
I've actually heard the words "The little people" from centain individuals. You also hear that..
BlueJazz
Dec 2015
#1
BlueJazz
(25,348 posts)1. I've actually heard the words "The little people" from centain individuals. You also hear that..
..The rich don't like to talk about their money. Yep but it's not because they're modest. They don't want to tax or spend it.
Rex
(65,616 posts)2. We live in a plutocracy, been like this since Pissdown Economics became our standard.
One of the reasons we have such a corrupt government and increasingly hostile toward small business owners, while they cowtow to mega corporations.
Rex
(65,616 posts)4. And my message is spot on, thanks for that too.
You meant to tell me that as well no doubt.