The leaders of Walmarts are not elected. The leaders of our government are.
Our government plays a role which no private corporation ever could. Wrong to ever look at our government as something like a business.
During our years of greatest growth and greatest advancement for working people, our top marginal tax rate was 90%.
JFK lowered it to 70%, and that also seemed to work well. That is probably what we need to go back to.
Reagan gutted our progressive income tax, cutting off brackets above 40%. And so less money is there to keep the middle of economic scale alive. The money instead gets used to inflate the stock and real estate markets. We are dividing into the poor and the very rich.
We have allowed a Financializer Class to take hold, and so the labors of our nation serve only them. This is entirely unjust and counter productive.
Just two nights ago I saw someone wearing a "MATH" cap. I asked him if that was for Andy Yang, and it was, so we talked. We both agreed that Supply Side Economics was always a fraud.
SJG