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It also restores fairness. America's social contract can preserved and enhanced. A modest Tobin financial transaction tax above certain investment amounts goes further.
So does taxing offshore transnational corporate subsidiaries. Doing so adds hundreds of billions in government revenues annually.
Much more can be done. Targeting America's bloated defense budget is long overdue. Taxing trillions in hidden tax haven wealth would raise enormous amounts annually.
America's deficit problem is self-inflicted. Solving it is as simple as making corporate America, wealthy elites, and tax cheats pay their fair share. Don't expect media scoundrels to explain.
Class war is official US policy. Popular needs go begging. America's middle class is declining. Low wage/poor benefit/part-time or temp jobs replaced higher paying full-time ones.
Union representation is weak. It's on the way perhaps to being eliminated altogether. Free trade works one way. At the same time, it lowers wages and destroys jobs.
Offshoring is a national disease. Paul Craig Roberts calls it worse than terrorism. Millions more jobs are at risk. Upward mobility is disappearing. America's decline is assured. Only fools claim what's hugely destructive is good.
Many other national priorities cause enormous harm. Ordinary people suffer most. The gap between rich and poor is unprecedented.
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