Wealthy
people in the USA, and the record-breaking profits of corporate
America, are happening because they exist in a society that can
afford to buy the products and/or services they sell. All who are
alive today were born into a great society and an enormously
successful economy, largest in the world, that already existed... To
listen to the Americans in the Davos crowd you'd think they were born
into lean-to shacks on packed earth trails that existed until they
created this society and economic situation.
The
US economy was made by a US regulatory environment and the
government's investment targeted to, oft government specified,
research and development (a list of
government offices that support enormous quantities of research and
development can be found by searching the Internet for web sites like
the Federally Funded Research and Development Centers - FFRDC) .
The successful, 20th century, US economy was built with marginal
tax rates of 70 - 91%. Tax payers are the original, crowd sourced
funding that built the society we enjoy. Getting everybody to pay
their fair share of taxes is the only way this economic success
continues.
Wealthy
folks, of the 1% crowd, point proudly to their foundations and
associated charitable giving, but (if they'd check) they'd find their
foundations would all be bankrupted by the annual spending of some of
the largest states; all bankrupted in months by the budget of the
United States. The 1% would be better served by doing their part in
continuing the society they live in, were born into, that made their
wealth possible and sustainable, by paying their fair share of taxes.
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