Progressive Gazette
April 1, 2014
America's regressive tax codes were written by and for the super-rich, who pay nothing on:• $5 quadrillion per year in Wall Street transactions
• $2 trillion per year in imports thanks to free trade
and not enough on:
• Corporate taxes, which are evaded by the largest corporations through loopholes and tax shelters
• Capital gains, where speculative profits are taxed at half the rate of income
The oligarchs have overturned the American tradition of raising federal money first through tariffs, corporate tax and by lending for production with a national bank.
When credit and profits flow to those who work, the needs of the government shrink, along with the opportunities for unearned riches on Wall Street.
Learn more: http://againstausterity.org/
