Professor Richard Wolff was on he David Pakman show this week with a strategic attack on he business class and the scam of hem making so much of their income from investments. Wolff pretty much explains how just already having capital makes them have and reap tremendous benefits and their accumulation of even more wealth in the past thirty years is a cumulative result of the increased inequality. No one speaks with more anger and enthusiasm talking about how his once prosperous country has fallen since conservatives and the wealthy class have hijacked the democratic process with their profits from capitalistic monopolies that run America.
Wolff and David Pakman are able to have a small voice of freedom and information on this most crucial topic without the funding and money from mainstream media. More money is invested overseas from this elite class so they do not fund American workers and are able more easily to dominate and own a large chunk of the government. Venture capitalists become "angel' investors of technology and want to import wealthy tech educated foreigners to join their ranks and class in addition to saying them less than American tech workers. Most of the money in the stock market as Wolff points out is not from recent entrepreneurs, but those that have owned money from decades ago and been in a position to influence government o their advantages and wealth protections.. Those that own are in a position to get more and is why redistribution is especially needed today. Workers and sales purchase taxes are taxed way more than the actual corporations and billionaires have to pay in a tax system to benefit all. In fact, they teach each other how to mobilize profits on paper it is shown that their money is managed and moved to foreign lands. Corporations and the rich have moved the tax burden to those lower on the economic scale making life more difficult and leading to an overall recession for most.http://www.davidpakman.com/2014/02/february-24-2014/
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