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Massive tax cuts for the wealthy, particularly for capital gains and dividends, have reduced the resistance for money escaping corporations into the hands of in
by moosey 8y ago
Massive tax cuts for the wealthy, particularly for capital gains and dividends, have reduced the resistance for money escaping corporations into the hands of investors, rather than the value add of paying employees more or improving working conditions and benefits. These changes started to occur in the 1980's, rather than the Dodge vs. Ford decision from 1919.
While it is certainly true that nothing legally changed (edit: this isn't true: there is a full on attack on collective bargaining ongoing) in the more recent 30-40 years to allow for the massive accumulation of wealth and corporate practices that make the 'FULL STOP' in the original comment more accurate than before, the modification of tax law certainly has had a major impact.