April 30, 2011
Since the Gilded Age of the 19th century, the wealthy financiers and "robber baron" industrialists have been effectively purchasing power – and creating further revenue for themselves – by directing money into the coffers of business friendly politicians, who in turn vote for lower taxes, special exemptions, tax loopholes, deregulation, etc.
1 comment:
Excellent synopsis of US political/economic history since the mid-1800s. As regards solutions, unfortunately, I suspect it's going to take another Great Depression to possibly get the US low-income voter to start voting appropriately to their income level and to reduce the amount of monetary influence/corruption that exists in our political system. The only thing that I find interesting is how blatantly the plutocrats are helping to start another Depression, almost ensuring another such backlash.
Post a Comment