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Les États-Unis sont une ploutocratie !
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[QUOTE="cool5armani, post: 7783874, member: 260159"] In contrast, tax cuts for the wealthy are partly saved thats both basic economic theory and recent history so they are much less effective in creating jobs. For example, Republicans would give the richest 0.1 percent of Americans an average tax cut of $370,000. Does anybody really think that those taxpayers are going to rush out and buy Porsches and yachts, start new businesses, and hire more groundskeepers and chauffeurs? In contrast, a study commissioned by the Labor Department during the Bush administration makes clear the job-creation power of unemployment benefits because that money is immediately spent. The study suggested that the current recession would have been 18 percent worse without unemployment insurance and that this spending preserved 1.6 million jobs in each quarter. But there is also a larger question: What kind of a country do we aspire to be? Would we really want to be the kind of plutocracy where the richest 1 percent possesses more net worth than the bottom 90 percent? Oops! Thats already us. The top 1 percent of Americans owns 34 percent of Americas private net worth, according to figures compiled by the Economic Policy Institute in Washington. The bottom 90 percent owns just 29 percent. That also means that the top 10 percent controls more than 70 percent of Americans total net worth. Emmanuel Saez, an economist at the University of California at Berkeley who is one of the worlds leading experts on inequality, notes that for most of American history, income distribution was significantly more equal than today. And other capitalist countries do not suffer disparities as great as ours. There has been an increase in inequality in most industrialized countries, but not as extreme as in the U.S., Professor Saez said. One of Americas greatest features has been its economic mobility, in contrast to Europes class system. This mobility may explain why many working-class Americans oppose inheritance taxes and high marginal tax rates. But researchers find that today this rags-to-riches intergenerational mobility is no more common in America than in Europe and possibly less common. Im appalled by our growing wealth gaps because in my travels I see what happens in dysfunctional countries where the rich just dont care about those below the decks. The result is nations without a social fabric or sense of national unity. Huge concentrations of wealth corrode the soul of any nation. And then I see members of Congress in my own country who argue that it would be financially reckless to extend unemployment benefits during a terrible recession, yet they insist on granting $370,000 tax breaks to the richest Americans. I dont know if that makes us a banana republic or a hedge fund republic, but its not healthy in any republic. [/QUOTE]
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Les États-Unis sont une ploutocratie !
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