Linda McQuaig writes this book looking back as the current and past generations of super wealthy people and how they have undermined society and this nation. without a doubt she is one of the premier writers on topics of wealth inequality and unjust distribution of it in America.
Linda writes about how those at the top are making more and capturing the wealth this nation produces more than ever. She covers the root causes of the crash of 1929 and how the wealthy lost their fortunes opening the way for Franklin Roosevelt to become president after a string of awful Republican presidents whose reign was only about helping the rich. The stock market crash helped destroy the power of the elites back then but as Linda shows in the book they continued to battle and within decades had helped taken control back in the White house. This resulted in vast fortunes being hidden across the world and much loss of revenue. This is the direct result as why the wealthy to get involved in politics has always been to lower their taxes.
Linda shows how the rich can be bad for democracy and your health as their main concern for profits conflicts with the environment and they show no regard to the disastrous consequences to their industries polluting ways. After all they live a gazillion miles away in most cases from the hazardous waste they produce. and they have used their vast wealth to battle health care availability for all citizens. There are numerous ways the rich have used their money and politicians to move way ahead of everyone else in a society and has McQuaig points out the only time the country had any real economic strength the inequality was really low between the classes. Linda's best solution to addressing and destroying this inequality in society is an inheritance tax and a tax on financial transactions. She also suggests a dramatic increase on the capital gains tax where these rich fucks avoid paying the 35% working suckers pay on their income while rich fucks get to pay 15% on money they make from investment. I disagree with the little amount she suggested for the quick fast trades on Wall street and I propose a fifty percent tax on each transaction and not the .005 she brings up that is most often suggested by policy makers. The real inequality than has risen is a direct result of the financial swindlers who needed a public bailout and the only real purpose I see in bailing these bastards out is using their success in the markets to help get local and state governments back on track. You will not just do that on a .005 tax on anything.
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