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What America's Top 1% don't want to hear about Funding Our Defense Spending?

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Hugh Campbell
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A Wall Street Journal/NBC News poll indicated that far more Americans than in recent decades want to United States to be less active in global affairs. The Op-ed author indicates that the entire world order rests on a United States that is willing and able to ensure the freedom of the seas and deter would-be regional hegemons; otherwise the U.S. is careening toward foreign-policy bankruptcy.
The Op-ed begs the question: Which Americans benefit the most from the U.S.'s leadership in global affairs? I submit it's the 1%, whose global financial interests are being protected, the same class who generally pay a lower tax rate than many other Americans. The U.S. needs a benefit-based tax system for funding our defense, global affairs and homeland security spending. If a benefit-based tax system is justifiable for Social Security, why not defense, global affairs, and homeland security?
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A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
 
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