1/ The main conduit of wealth inequality is unfair tax policy. For the last 40 years we’ve been transferring wealth into the hands of a few through increasingly reduced taxes for top earners as well as corporate subsidies and financial deregulation.
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Capitalism itself is inherently neutral. We have a tradition in America of pushing back against overreach by capitalism: labor unions, child labor laws, anti-trust laws etc. But in 1980 they started deregulating capitalism & deregulating banks, turning it into an unfettered force
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Not by design, but by governmental permission and advocacy created by the corrupt infusion of money, particularly corporate money, into our politics that started in the 80s. Money in politics is the root of the problem.

Aug 22, 2020 · 7:14 PM UTC

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