Proof Tax Laws Faulty: 9 Out Of 10 Americans Set To Declare Bankruptcy
As the distribution of wealth in America becomes increasingly skewed toward the wealthiest 7% or so of the population, where we find more and more resplendently bedecked billionaires, the income of the other 93% of the populace continues to go the way of wealthiest.
The growing destitution of this significant segment of the population has now become so acute that the majority of Americans are all set to declare bankruptcy.
Appropriately concerned, since we remember the Aristotelian analysis that the stability of a state depends on a the middle class in case ancient sages segmentation has dropped out of the back of your mental file cabinet, he avers, it turns out a bit too generally, that the poor have no material stake in the society and the wealthy are too taken up with whooping it up we ask, why is it ever more possible for the few to accumulate billions, while the many grow more insolvent?
There is, of course, the much reverenced idea that the race is to the quick and were lucky to have the energetic entrepreneurs, CEOs, and various early adapters and assorted scammers,...