This article critiques the concept of taxation and income disparity, arguing that charts from organizations like the Tax Foundation are untrustworthy and designed to benefit the wealthy. The author contends that income inequality has drastically increased since the Reagan era, with the top 1% now holding a disproportionate amount of taxable income. The text also discusses how the IRS has shifted its auditing focus away from the lower half of the population due to a lack of revenue. It further argues that much of the wealth of the rich is not taxed as income, exacerbating disparity. The article criticizes industries like defense and banking for generating wealth for the rich without providing genuine value to society and condemns the exploitation of natural resources. It posits that the current system is not true capitalism but legalized plunder and corporate welfare, and that the wealthy control the narrative through propaganda and political influence. The author advocates for dismantling the power of foundations, NGOs, think tanks, and lobbying, and for prioritizing art, science, and education over defense spending, stating that the only true solution lies in enforcing laws against corporate racketeering.
Here is a list of subjects, names, references, locations, companies, etc.:
- Tax Foundation
- General Motors
- Standard Oil
- Johns-Manville
- Reagan
- US
- Trump
- Trump tower in Chicago
- IRS
- Rockefeller
- Norway
- China
- Russia
- Glass-Steagall
- Founding Fathers
- Congress
- President
- King
- Bushes
- Roosevelt
- CIA
- GAO
- Rockefeller Foundation
- Gates Foundation
- Soros Foundation
- Aspen Institute
- NEA (National Endowment for the Arts)
- DEI
- Republicanism
- Capitalism
- Socialism
- Federal Reserve
- Moderns
- States
- Counties
- Cities
- Sodom and Gomorrah