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General News    H3'ed 10/5/17

With 77% of the Wealth and related Defense Spending to Protect it, the Top 10% Deserve a Wealth Tax Not Tax-cuts

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As the wealth of the top 10% increases to equal 77% of U.S. Wealth, so has defense spending to protect this Wealth, reaching $700 Billion. This is $81 Billion greater than last year, defying “sequestration” spending caps set in the 2011 Budget Control Act. 


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At a time when most Americans feel less safe from lack of adequate gun-control and climate change denial in the beltway, we have 45 proposing huge tax cuts for himself, his family and the Top 10%. With ever increasing wealth inequity and defense spending combined with tax-cuts for the rich, the rational response is a wealth tax on the top percenters to pay for the lion share of defense spending to protect their assets world-wide.

Read the rest of the story HERE:

At peoplespolicyproject.org

 

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Hugh Campbell Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

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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