March 22, 2021
The Workings of Plutocracy
Everyone concerned with widening federal deficits and the scale of expenditures required to meet the nation’s needs should be aware that, from the standpoint of ordinary taxpayers, trillions of dollars go down the drain every year because of our inadequately progressive tax structure, enormous tax benefits and loopholes for rich people and corporations, and lack of mechanisms to ensure adequate collection of taxes by the Internal Revenue Service.
All these deficiencies could be remedied, but rich people and rich corporations resist them and fund politicians who are willing to accommodate their donors. For every AOC and Elizabeth Warren in Congress there are a dozen Kevin McCarthys and Mitch McConnells.