VD economics infected some politicians, especially those connected to the wealthy influencers they wanna-be like. Mega corporations and the uber-rich sent their lobbyists to write tax sections that would reduce their tax liability and whittle away at the onetime accepted American CEO's moral obligation to build a financially secure, smart, and consequently strong nation of workers. The "Henry Ford" motto of pay workers a wage that allows them to buy your product while having a healthy family life started slipping away, and that 10 to 40 times CEO to average worker earnings ratio was replaced with 100-1,000+ times what the average worker earned.
Amazing isn't it? General Motors used to pay its average worker $50 bucks an hour (adjusted for inflation to today's dollar including then common health and pension benefits).
Wal-Mart, run by a family who in the 40's-70's would have been taxed some for being so garishly rich and unpatriotic to the American worker, pays its workers an average of $8.81 an hour and has them use taxpayer funded food stamps, Medicaid, and subsidized housing to strengthen their workers' characters.
Supply side's trickle-down economics reigns" and rains.
Consequently, it is logically imperative that we lower taxes on tax-haveners and gangs like the Waltons!
Why? So guys like Rob Walton can add to their character building car collection, which reportedly includes a Ferrari 250 GTO (which sell for $35 to $52 Million),[vii] a 1965 Shelby Cobra (valued at $820 Thousand),[viii] a 1964 Ferrari 250 LM (valued at $14.6 Million),[ix] a 1960 Maserati T60,[x] a 1958 Scarab MKI,[xi] a 1961 Ferrari 250 GT SWB (valued at up to $4.1 Million),[xii] a 1957 Ferrari 250 Testa Rossa (purchased by Rob for $12.1 Million;[xiii] one recently sold for $39.8 Million). Might even be a GM car in his stable, but probably not a Nova.
We have bridges built during the WPA (Workers Progress Administration) era about to collapse, potholes blistering our roads for which your car needs a computer game handle to avoid, 21 soldiers a day committing suicide and hundreds of PTSDers who could use more counseling if we only had a bigger budget for them, once middle class people now living in homeless shelters with their kids often going to bed hungry, climate weirding requiring hundreds of billions of repairs and new protections, national smart energy grid seeking dollars, etc... Fill in what you may be concerned about and it probably needs funding, and then decide who has more imperative taxing revenue needs.
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