Why Workers Bear Risks While Billionaires Live Tax-Free.

Discover how neoliberal policies rig the economy, protecting billionaires while exploiting workers, an economic system designed for the few and paid for by the many.

Workers Bear Risks, not Billionaires.

Podcasts (Video — Audio)

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Summary

Neoliberalism has fostered a system where wealth is hoarded by the few while the many labor for survival. Through tax loopholes, capital gains manipulation, and stock buybacks, the rich evade paying their fair share. This economic structure, rooted in policies like the Powell Memo and reinforced by corporate-controlled media, perpetuates inequality by redefining income and exploiting workers. Without systemic reform and a wealth tax, society remains trapped in a cycle of exploitation disguised as opportunity.

• The Powell Memo laid the foundation for neoliberal policies favoring the wealthy.

• Wealth is accumulated through capital gains and stock buybacks, avoiding fair taxation.

• The working class bears the actual risks and tax burdens, while elites profit passively.

• Myths of self-made billionaires obscure the systemic theft of public resources.

• A wealth tax is essential for restoring equity and funding collective welfare.

A fair society demands that those who benefit most contribute proportionately. By challenging neoliberal myths and holding the wealthy accountable, we can redirect resources to healthcare, education, and infrastructure. The path forward requires bold policies, such as a wealth tax, and leaders willing to confront corporate power to build a more just and equitable future.

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Premium Content (Complimentary)

The current economic system, shaped by decades of neoliberal ideology, thrives on inequality and deception. At its core lies the Powell Memo, a blueprint created in the 1970s to protect corporate interests and weaken progressive movements. This memo guided the elite to consolidate power, influence public opinion, and rewrite the rules of the economy. Its success is evident in the staggering wealth gap, where a handful of billionaires now control more wealth than millions of working families combined.

The wealthy manipulate the very definition of income to their advantage. While working-class Americans are taxed heavily on wages earned through labor, elites channel their wealth into stocks and investments. Instead of receiving taxable dividends, they rely on stock buybacks and capital gains. These gains often go untaxed until stocks are sold, and even then, the tax rates are significantly lower than those on wages. Furthermore, by using their stock portfolios as collateral for loans, the wealthy live extravagantly without technically generating taxable income. This legal loophole enables them to amass unimaginable fortunes while contributing almost nothing to the public good.

Meanwhile, the workers who build, teach, heal, and maintain society bear the real risks. Engineers exposed to hazardous materials, farmers handling dangerous chemicals, and teachers shaping the next generation all face physical, emotional, and financial challenges daily. Their wages fund public infrastructure, yet they are told to tighten their belts through austerity measures. This systemic injustice is exacerbated by the myth of the “self-made billionaire,” a narrative designed to obscure the fact that much of today’s wealth originated from exploitation, stolen land, and generational privilege.

The media plays a critical role in maintaining this illusion. Corporate-controlled outlets sanitize economic exploitation, portraying it as natural and inevitable. CNBC and similar networks glorify stock markets, presenting them as accessible to everyone while ignoring how they primarily benefit the elite. Independent media, funded by small-dollar contributions, remains one of the few sources willing to expose these truths and advocate for systemic change.

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The consequences of this unfettered capitalism are stark. While bombs are built for profit, essential public goods like healthcare and infrastructure are neglected. Babies go hungry while billionaires race to space. This isn’t a failure of resources, but a failure of political will. The wealth to solve these problems exists—those at the top hoard it. A wealth tax is not just a policy option; it is a moral imperative. By taxing extreme wealth, society can fund universal healthcare, quality education, and sustainable infrastructure, fulfilling the constitutional promise of promoting the general welfare.

To break free from this cycle, voters must reject politicians who protect corporate interests and elect leaders committed to systemic reform. This means not only redistributing wealth but also dismantling the structures that allow exploitation to flourish. Until then, America will continue to suffer from deep inequalities, environmental destruction, and political polarization—all symptoms of a rigged economic game.

The path forward is clear: expose the lies, demand accountability, and fight for a society where prosperity is shared, not hoarded. Only then can we replace the antiseptic slavery of today with a truly democratic and equitable system.

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