I remember when R. Reich had TV shorts explaining the economy to all. Big business said he was too simplistic and worked hard instilling doubt into his “too simplistic” concepts and explanations—concepts and explanations which turned out to be true.
@rbreich.bsky.socialIn the past, the rich used to pay higher taxes.
Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.
It's a big switcheroo that we need to talk about if we're going to talk about the national debt.
youtu.be
The Secret Way the Rich are Getting Richer
The biggest untold story about how we pay for government involves a big switcheroo by America’s wealthy. Watch.