Before 1913 there was no income tax, and the United States was a much freer country. Initially, the government sold the federal income tax to the American people as something only the rich would have to pay...
Here is hollowed-out America, an economy of ever-greater financial wealth piling up in the hands of the few while tens of millions of wage-earners can't afford what was available to everyone, even the working class, in previous eras.
Today, we face infinite monetary inflation as a final solution to 150 years of monetary failures. The coming systemic and monetary collapse will mark the final collapse of fiat currencies...
..is this behavior part of a larger cultural phenomenon of fear? If so, the next downturn could push us further from economic liberty and more towards political controls...
The democratic presidential candidate is being well-received by markets due to his pragmatic approach to governing and his "appreciation for the benefits of capitalism."
