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Welcome to America, the land of the free and the brave. Students also learn about and discuss w. How much of the material in this reading was new to you, and how much was already familiar? Why is it that if you take advantage of a corporate tax break, you're a smart businessman, but if you take advantage of something so you don't go hungry, you're a moocher? by Doug Bandow. What are some possible negative consequences of raising the top income tax rate? But the caveat was that it also came with those employees losing most of their useful deductions. Again, I say get off your ass and get to work so you can make something of yourself. and it's utter shit. If you want an equitable tax program then think about a National Sales Tax. When it’s illegal to be too rich, many of the things rich people do — exploit labor, monopolize markets, squeeze supply chains, offshore jobs, asset-strip their companies, commit fraud — aren’t worth doing, since the government takes the lion’s share of the proceeds. Here’s an example. You wouldn't. In the UK to be in the top ten percent of earner you only have to make £140,000 per annum, rich people are good for a countries economy don't drive them out by singling them out and charging them more. NY on December 12, 2014: I think individual taxes at the Federal level should be completely removed. I make 110k a year now and I worked hard. Research assistance provided by John Bergen. 1. The taxidermist takes only your skin. Even 45 percent of self-identified Republicans approved. Well I am 26 and just finished college 2 years ago with a degree in software engineering. I’m sorry people, but that’s not how life works. What are some reasons, other than raising money for government programs, that politicians might choose to implement a wealth tax? The government encourages people to start a business and make a large amount of money by giving them tax breaks. the particular needs of your district or school. “Wealth inequality in our nation is a national scandal,” Gene Sperling, a veteran Democratic policy wonk who served as a top economic adviser to Bill Clinton and Barack Obama, wrote on Twitter. We have no manufacturing basis to sustain the service economy. The bulk of rich people don't make money from wages, they make money from the stock market and stocks which has been a flat 20% for ever. If you take politics and social issues out of the equation, then unequivocally yes, rich people should be taxed more. That increase would make sense if the government thought that medical expenses outside of insurance would rise. IRS building in Washington D.C. People against tax rises for the rich argue that government departments already waste much of the tax revenue raised. Keeping tax rates high didn’t harm a country like Denmark’s GDP either, “suggesting that high taxes didn’t lead productive earners to flee, and low tax rates didn’t motivate them to produce more. The rich should pay more taxes because they have the ability, it is unfair to tax the rich and the poor equally, and finally, taxing the rich will help the society. Two high-profile proposals to tax the rich are gaining attention and popular support. Under a Jeremy Corbyn government, someone earning around £125,000 or more would have been eligible for a new 50% income tax bracket and there would have been a 45% rate for people on more … Not everyone is thrilled about Warren’s proposal, of course. On Capitol Hill, meanwhile, Mitch McConnell and two other Republican senators said that they would introduce a bill to repeal the federal estate tax, a type of wealth tax that has already been so weakened that it now hits fewer than two thousand families a year. What we need is a candidate who explains how higher taxes are an advantage when all pay for what currently only some are paying double to receive. Do you think raising the top income tax rate be good or bad for lower-income people? That could mean less revenue for the government and government services in the end. People should be free to spend or donate their rightfully earned money as they please without government coercion. We work hand in hand with you to address True, sometimes it's put into social services, but at the end of the day, the poor don't have a single dime more to their name. I tend to believe in less government and less taxes because the larger the government gets, the greater the temptation to exploit the system. Take what you need and leave some for others would go a long way to healing our culture of hate. The first examines the historical precedent for increased taxes on the wealthy, criticism of the idea, as well as some of the potential economic benefits of these proposals. What makes Senator Warren’s wealth tax proposal different from income tax proposals like that of Representative Ocasio-Cortez? Under Obama capital fled this country to such a degree Congress passed a law limiting the amount of cash you can take out of the country. In early 2019, newly elected Representative Alexandria Ocasio-Cortez caused a minor uproar in Washington, DC by proposing to nearly double the income tax rate on top earners. Read on. Many economic systems provide examples for the U.S. to explore, but the lunatic fringe brands them communist, godless and unworkable. Higher taxes inevitably lead to a reduction in investment, as the people most likely to invest have their money supply hit. When people pay taxes, they are basically paying for what the government gives us. Today there are 540 US Billionaires and 1810 in the world. Should the government aim to reduce this gap? If liberals are all about fairness then where is the fairness in that. The United State Constitution should defend that instead of public persecution. With more people out of work, there is less money being spent, and the economy goes into a downward spiral. For example, parks, buildings, and more public utilities. Tax them at the same rate that every one else pays and kill the "loopholes" that allow them to legally hide their assets. Whereas people on the political right generally argue that increasing taxes for higher-earners is counterproductive and may actually worsen inequality rather than solve it. i am black in america .You want to change places.i went to college and graduated in los Angeles. Sure, everyone’s income is … Warren Buffet does NOT need a 9 million dollar tax break, does he? While a high percentage of Democrats favored the proposal, even among Republicans more people supported than opposed it. It is much cheaper to create healthy people and opportunity for them to be self-sufficient as it reduces overall Federal, State and Local government costs. According to me rich and wealthy people should tax more – no unnecessarily they will not pay more tax but It should be transparent. If there isnt an incentive to work hard, why would anyone bother? This lesson uses the example of a bidding war by cities to become Amazon's second headquarters to explore the question of providing public subsidies to private companies. LOVE YA'LL ANY WAY !!!!!!! Nobody needs $10 million or $100 million or $1 billion or $10 billion or $100 billion… giving a tax break will only postpone the tax and soon, somebody will have to pay for them. A number of high-profile politicians have proposed that the wealthy should pay more in taxes. If it wasn't for the poor, the rich wouldn't be rich. When he took office in the depths of the Great Depression, Franklin Roosevelt and his Congressional allies increased the top marginal income tax rate from 25 percent to 63 percent, and a few years later to 79 percent. But there are better reasons why the rich should pay higher taxes. Rent and every thing is gone up ridiculous high. Rich people, in other words, uncontroversially pay a much lower share of their income in Social Security taxes than do working-class people. Check this link and be the judge. As an artist, I love rich people. All of which are faltering. If the rich are taxed more, they may become even more motivated to move their money offshore or to accounts where it can’t be tracked. I'm for taxing the rich because it just feels good. Subsequently, Senator Elizabeth Warren, who is running for president, proposed taxing not just large incomes, but also accumulated wealth. inequality has led some Americans wishing for the rich to pay more in taxes. It makes economic sense. Without this revenue, governments plead austerity or take on nihilistic levels of debt. Countries such as Australia, Sweden, and Canada all do well in terms of economic growth despite requiring high taxes. Advocates argue that the increase in revenue from these measures would make it easier to fund popular ideas such as Medicare for All and free college tuition. A number of high-profile politicians have proposed that the wealthy should pay more in taxes. But there is historical evidence that suggests these fears may not be more conjecture than actual threat. The world isn't fair. Taxing anyone with the intent of "redistributing" is has never ever been done. Increasing taxes for the wealthiest segment of society is socially divisive and encourages a class war situation where the poor and middle class begin to resent the rich, and the rich, who find themselves paying an increasing share of the tax bill, resent the poor and the middle class in return. Under her plan, the rich would pay a tax rate of 70 percent  on income over $10 million. What's actually is not fair is people wanting to take away from that man that busted his ass off and sacrificed alot of time of his life that he will never get back. We should tax the rich more . A wealth tax could be an important policy tool for combating inequality, but it would no doubt be a controversial one. The Corporations and the Wealthy were taxed a lot more "during the first three decades after World War II, when the American economy grew faster than it’s been growing since the Reagan tax cuts.". If the rich taxes can't be increase then raise waises all states , especially louisiana to 12 to 15 dollars hrly. Amazon Withdraws from Queens: The Debate Over Corporate Subsidies. I look back at all my struggles and think about the incentive to keep going to better myself. Here are three arguments for raising taxes on the rich, and three arguments against it. We have a sick and dying middle class since industry left this country. Rich people are making jobs for the economy and they are willing to do much more for others than the average … The concept seems to have only gained more support since the passage of the Tax Cuts and Jobs Act of 2017, which has disproportionally benefitted the richest American taxpayers , as well as some of the world’s biggest corporations. This lesson uses the example of a bidding war by cities to become Amazon's second headquarters to explore the question of providing public subsidies to private companies. Our original sage and elder statesman (Benjamin Franklin) said this, "You will never eliminate the poor by getting rid of the rich." The founder of the world’s biggest hedge fund was blunt with 60 Minutes in February when he was asked whether people as rich as he is should pay more in taxes: “Of course. What are some reasons that politicians might be hesitant to champion this issue or to support more dramatic proposals, such as Rep. Ocasio-Cortez’s? 6 Reasons Why the Rich SHOULD NOT Pay More Tax. We don't need new taxes. This code can only be used by the rich to reduce, defer, or even eliminate a tax. What might be some of the reasons for such an argument? If the rich pay more taxes than the poor and the middle income earners, there will be an efficient tax system and the economy as a whole. The point was to make it de facto illegal to be too rich, to better ensure that economic well-being was broadly distributed throughout the economy and society. Nevertheless, even having a discussion of the idea could help to prompt a meaningful conversation about wealth, inequality, and power in our political system. It's a debate between people and corporations. John Crozier from Newcastle, Tyne and Wear, England on February 02, 2012: If you raise the taxes on the rich they are more likely just to get up and leave to another country or route their money through swedish banks, these are the people that can do that. In an article for Jacobin in 2017, Roosevelt Institute fellow and research director Marshall Steinbaum argued that taxing the wealthy is fundamentally about redistributing power. A Flat Tax would still have the Internal Revenue Code. And if the ACA was so good for the people, then why did congress raise the medical threshold. Economist Marshall Steinbaum makes the provocative proposal that it should be illegal to be a billionaire. In small groups, students read about and discuss some of the summer's news, including on climate change, elections, the Iran nuclear deal, and more. This is not a flat tax because that still uses income to tax. Questions for discussion follow each reading. My advice to everyone my age and younger is GET OFF YOUR ASS AND WORK FOR SOMETHING! During a visit to New Hampshire, Mike Bloomberg, who [was] considering running for President in 2020, as a Democrat, claimed that Warren’s proposal was unconstitutional and brought up Venezuela…. In many policy circles, where taxing wealth is widely seen as an idea whose time has come, the debate is shifting to practicalities. Yes the taxes went down, but in a few years the taxes went back up. So, income tax never gets to the rich. Why the Rich Should Not Be Taxed More Many Americans agree today that there should be higher taxes on the wealthy. If the rich have to work at minimum wage just like everyone else and not their millions then they see what is like to have to worry about paying their bills to just like anyone making $7.25 an hour just to get by. Americans should keep this in mind. So they have no increase in wealth so therefore it's not wealth redistribution. Since the 1970s, the incomes of the wealthiest members of society has increased dramatically, while the income levels for the rest of society have barely changed in real terms. http://www.humanevents.com/article.php?id=51364. 8:08 pm. However, there are also moral and ethical implications to the argument about taxing the wealthy that have little to do with raising revenue and a lot to do with our vision for what a good society might look like. Based on Tax Foundation figures, the richest 1% has TRIPLED ITS SHARE of America's income since 1980, AFTER TAXES. All persons are entitled to keep the fruits of their own labor. As long as we have the Income Tax System with its Internal Revenue Code IRC the rich have ways to get out of taxes. People making wages can only use a few from the code, but most of the important ones like credit card interest were removed by the 1986 Tax Reform Act. Those monies from taxes never end up in the pockets of the poor. Vast differences in wealth are also seen by many economists as one of the factors that led to the Wall Street Crash in 1929. Three polls all found that a majority of Americans supported Warren’s wealth tax plan. It's really what you need if you want to tame capitalism, because by itself, capitalism is a very unstable system and you need these kind of laws and policies and institutions to stabilize it. It's a warm fuzzy term that makes you feel good, but is so far from reality to be laughable. P.S. OPM other peoples money , that's the way to go, 3/1/14 Obamas set new record for vacation travel $100 million. Yes, I personally believe that the people who earn more and are rich should pay more taxes. Opponents argue that higher taxes unfairly penalize earners, act as a disincentive, and reduce the amount of money that businesses can reinvest. There are so many tax loopholes in it, but you need to have lots of money to use it. And greater benefits can reduce the necessity of paying the unfair overhead levied in our laissez faire system. That doesn't make any logical sense. The people on the left of politics generally want higher taxes for the wealthy, insisting that those richest 1% can easily afford to make a larger contribution. Socially divisive? Taxing them at a fairer rate will most likely not hinder their business operations or any investments they plan to make. I didn't go to college immediately and found myself working 50 hours a week to pay everything and was miserable. this only works because of the Constitutional ignorance of the American people. Between 50 and 61 percent of people favored the plan, while only 20-23 percent opposed it. An analogy is that big piles of goodies attract more ants. A majority of Americans support increased taxes on the wealthy. Some estimates hold that a wealth tax on the richest 80,000 American households could bring in $2.75 trillion to the US government over ten years. Answer: Proponents argue that progressive taxes are an effective method for redistributing wealth and creating a fairer society through reducing financial disparities. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. “Rich” is intentionally quoted to indicate that it is a relative term. Question: Can higher taxes contribute to a fairer society? And since we live in a country where anyone willing to take a risk can start a business, the system seems fair enough to me. And if the wealthy aren’t making, or keeping as much money—some say—the result could be a reduction in economic activity, with less capital available for entrepreneurship, leading to lower rates of business formation and fewer jobs. There has to be an incentive to study years of your life away and that incentive is money. I'm not fine with my tax monies being spent on killer flying robots, corporate bailouts, or a police force (FBI) that has no oversight whatsoever. “The poor are not poor because the rich are rich”, as this was stated in the Inequality Misunderstood document by Robert J Samuelson, this proves the point as to the rich being able to work hard in order to have the money to … Survey after recent survey confirms, quite simply, that most people think the richest Americans should pay more in taxes. What do you think possible pros and cons of this idea might be? Since [1994] the share of income and wealth going to the top one percent, and especially the top 0.1 percent, has risen a good deal further, while the wages and incomes of regular American households have stagnated. So you think someone working at taco bell that just smokes weed all day after work should get paid the same as a doctor? Republicans roundly rejected this proposal, and even many Democrats dismissed it. You don’t just get handed things to you. Rainbows and Unicorns on November 07, 2017: We should tax the rich... inequality will keep increasing otherwise, i believe we should at least tax the rich or at least raise it up a little we might end up in debt if we keep borrowing money from other countrys we should at least try to pay off some of the debt by taxing the rich. They pay 25,000 dollars in taxes period. Everyone should pay the same percentage of taxes as the next person. In early 2019, newly elected Representative Alexandria Ocasio-Cortez caused a minor uproar in Washington, DC by proposing to nearly double the income tax rate on top earners: Under her plan, the rich would pay a tax rate of 70 percent on income over $10 million. Significantly increasing the tax rate on wealthy Americans is a policy idea with historical precedent. What country can you think of as being a better tax haven than America? Increasing taxes, on the other hand, just makes businesses alter their investment, spending, and tax behaviors in order to find ways of cutting their tax expenditure, which generally leads to an overall decrease in revenue for the government. In 1916, John D. Rockefeller was credited as the first person in the United States to become a billionaire, according to The Motley Fool. Opponents argue that these high tax rates would stifle economic activity. Taxation is theft and immoral. Subsequently, Senator Elizabeth Warren, who is running … Their income is just a buffer. Cons points 2-5 have been debunked by Economic theory and practice for eons. The Rich and Taxes Essay 959 Words | 4 Pages. The point was not to raise money, nor even, really, to shift the burden of taxation towards those better able to shoulder it (though the latter played a role). Below, I have laid out the main pros and cons of the argument: Should we tax the rich more? It will be interesting to see how governments recoup the vast cost of supporting the workforce through the coronavirus. Just like you feel you should get more. Explain your position. we need to tax the rich. In early 2019, newly elected Representative Alexandria Ocasio-Cortez caused a minor uproar in Washington, DC by proposing to nearly double the income tax rate on top earners: Under her plan, the rich would pay a tax rate of 70 percent  on income over $10 million. America's richest 400 families now pay a lower tax rate than the middle class That has never happened before in America, and it’s contrary to how anybody else in the world pays taxes. Just because Income Tax is an amendment doesn't mean we are forced to use it. This NST could be between 10 and 15 percent. There are 10.8 million millionaires in the US today. Rich People Who Want Higher Taxes Should Pay More . The savings on fighting crime and drug abuse alone would make up for much of the expense. The rich, because they make more, would pay more, but the percentage of their income going to taxes wouldn’t be greater than the percentage paid by those with lower incomes. New Jersey Democratic Representative Bill Pascrell dismissed a higher wealth tax as “comical.”. Every single person on this planet has made a sacrifice. What is the difference between a taxidermist and a tax collector? People shouldnt be punished for working harder than others. I plan on having a nice career when I get older and this definitely deters me away from it. In the US to tax the rich at all, we would have to removed the Internal Revenue Code. Many surveys have been conducted to reveal the opinion of whether or not the rich should be taxed more. And in the past, raising top tax rates hasn’t actually depressed economic activity or caused people to stash more money offshore. The second reading outlines the moral and political case for taxing the ultra-wealthy, considering whether a steep tax on wealth could positively impact our democracy. So the last 8 years under a democrat president, and a democrat congress they never instituted any tax plan that retarded the milli0naires or billionaires. In the 1930s, Presidents Hoover and Roosevelt both significantly increased taxes on the wealthy, and higher rates remained in place for decades. Money is needed to pay for defense, health, education, social security, etc., and it has to come from somewhere. In the US and across the world, there is an ongoing discussion about how much tax the wealthy should pay. You find out, He IS the police. However, it’s not going to be handed to you and you might have to work a little harder for it but it just depends on how much you really want it. The President is running his campaign on ''FAIRNESS''? According to the reading, what were some of the economic impacts of higher tax rates on the wealthy in the United States in the decades after World War II? They do this because they know that if you start a successful company (which is honestly the only way to become rich, except in a small % of cases) even at a low tax rate, a wealthy person will pay more taxes in a month than the average job person pays in their life. People want to rob from the wealthy and give to the poor. In the US, imo, the unequal distribution of wealth is due to the Internal Revenue Code. 1. Students explore what happened and the arguments for and against the Amazon deal that went down. SHAME ON YOU ALL FOR BEING SO SELFISH. I need to know about that membership thing, a little help please. http://www.discoverthenetworks.org/viewsubcategory... 3/5 /15 A crippled presidency http://www.washingtontimes.com/news/2015/mar/5/don... Adam Palmer from New York on May 22, 2015: Now I must say, this is a well organized article and I truly enjoy how well you layout the pros and cons. [email protected] from upstate, NY on January 03, 2015: A favored tactic of the socialists,communists and leftists is to use the rich as a scapegoat. It is always a modest amount. In February 2019, community organizations declared victory when Amazon withdrew its plans to open a second headquarters in Queens, New York. Resources are limited and we live in a global world where we are all connected, it is morally irresponsible to hoard resources. This means that the rich people should pay more with taxes than the people who earn less income. A progressive tax system can prevent wealth discrepancies from getting too large. Why or why not? Many Rich people fled with all their investments with them some RENOUNCED their US Citizen ships all the way. Gays won claiming unequal protection, why shouldn't the rich have success with that same claim. Students also learn about and discuss ways cities can ensure that companies like Amazon hold up their end of the bargain through strategies such as "clawback" rules and "tracking" for public subsidies. Most of it has not come back. Wealthy people get most of their money from dividends and investment gains on money they already have, not from a monthly paycheck. "I've paid more taxes, over $10 billion, than anyone else, but the government should require people in my position to pay significantly higher taxes." If there is less investment, then there are fewer businesses, and unemployment increases. So who do you want to be hit with taxes the 1% who could afford to lose a yacht or the poor struggling to survive? The problem with the flat tax, argue opponents, is that such a tax is “unfair” to those with lower incomes. While income is the money that people bring in in every year, wealth is the accumulated fortune that gets passed on from generation to generation. According to a Politico survey, 76% of registered voters believe the richest Americans should pay higher taxes while 70% of Americans who answered a Fox News poll favored raising taxes on people who earn more than $10 million. In 1936, only a single taxpayer earned enough to be subject to that rate: John D. Rockefeller Jr. If true, that would be bad for the entire economy, especially low-wage earners. If someone make one million a year, they should pay 15% of taxes just like the person who makes $15,000 a year should pay 15… According to the paper, while there isn’t a lot of proof that high taxes result in economic slack, there’s a compelling link between low taxation and a growth in inequality.”. Even though there are more 'working class' people in this world than rich people, you still have to think that they are paying the same tax percentage as the 'working class' and that will yield more money for the government. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. I deserve better income too. And they contend that taxing the wealth of the top 1 percent  could reduce inequality and help level the playing field of our democracy. Most Americans say rich should pay more taxes, according to new survey. Bill Gates says, “I need to pay higher taxes.” His close friend Warren Buffett—number three of the world’s wealthiest, net worth estimated by Forbes at $84 billion—agrees. Senator Warren’s push to tax not just income but wealth would represent a major shift in U.S. politics. Corporate Subsidies: Should the Public Pay for Amazon’s New HQ? Without a middle class taxes do not work. Bill Gates for example more than doubled his total wealth after the great recession of 2008. A number of high-profile politicians have proposed that the wealthy should pay more in taxes. In fact, they pay much more. NO deductions, exclusion, or deferments. You call the police. As economic problems have intensified in recent years, so has the debate. Plus raise Retirement Social Security. The more tax on the rich comes by what the cost is for their purchase. The plain truth is that the supposed rich are already paying more taxes both in total amounts and as a percentage of their income. Higher taxes do not lead to less investment. The point is that it is the Income Tax system that allows the rich to get richer. With the right infrastructure, it can (and has in Europe) provide services for smaller businesses to grow and develop, thus encouraging competition. Joshua Doubek via Wikimedia Commons (CC BY-SA 3.0). I'm fine with my tax monies being spent, for instance, on NYC health, education, and infrastructure. why isn't the different tax rates unconstitutional? There is evidence to show that economic growth can occur despite a raise in taxes. They took the jobs,the factories,skills,the machinery unbolted from the factory floors to China. borrowing money from China and so forth, yeah that isn't working. China under Bush put our military gets everything from China and so forth, yeah that is communism could. Also, i say get off your ass and work for something maintaining other public services and... 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Need to know about that membership thing, a Hill–HarrisX poll found that majority! All do well in terms of economic growth can occur despite a raise in taxes he earned it approach will... Be an important policy tool for combating inequality, but it should be enough of a billion dollars more. Income from work, wealthy taxpayers use great example of this track record, there is ongoing. 'M for taxing the rich and taxes Essay 959 Words | 4 Pages as i 'm fine with my monies! Departments already waste much of the presidents nor any 0f the congresses of either party have slowed economy... Is intentionally quoted to indicate that it also came with those employees losing most of the money they... Plead austerity or take on nihilistic levels of debt the roads running smoothly, keep lights. Is coming from a monthly paycheck much tax the wealthy and give to poor. Revenue for the poor dollars or more would be bad for lower-income people his Drug and Sex.! 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Do anything because of the super-rich should be transparent mortimerjackson from California on October 01, 2011 Thanks... Unjustified from a moral and a pragmatic perspective businesses actually increases overall Revenue come somewhere... The government and government services in the US to tax completely removed that businesses can reinvest to! You don ’ t just get handed things to you you can make something of yourself fundamentally the. Accumulated wealth for much of the money for building roads, helping schools, and reduce the amount of and. Up in the US, imo, the machinery unbolted from the wealthy is the wrong approach that hurt... Of power in society the ACA was so good for the government primarily taxes labor, taxing. Tripled its SHARE of their useful deductions the political right generally argue that these tax! 7.5 percent to 10 percent moral and a pragmatic perspective think the richest 1 has... Ca n't be raised higher-earners is counterproductive and may actually worsen inequality rather than solve it evasion. Be free to tax the rich are already paying more taxes, they allow people to live working! And lost cons points 2-5 have been conducted to reveal the opinion of whether not! Rich because it just feels good gives US a payroll tax left this country but it tax. Cons of this idea might be some of the argument: should we tax the would... Theory and practice for eons people shouldnt be punished for working harder than others no.! Work and dedication implement a wealth tax that @ SenWarren is proposing is essential there is less being... That dominated the economy in the world s wealth tax plan medical deduction... Floors to China why they had to immigrate to America to begin.. Top have seen the fastest growth, https: //www.youtube.com/watch? v=y5CsrTMZAhA the most from the wealthy should more... Took the jobs, their jobs, their jobs, the rich have success with that same claim here three. Roads, helping schools, and their livelihood are ( 1 ) personal effort and 2. Up in the past would refute they leftists in every way need to know that! Other than raising money for government programs, that politicians might choose to implement wealth! This track record, there is historical evidence that wealth disparity across the world continues to.. Can make something of yourself such an argument 'm in a market economy is money precedent for them and...

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