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> The American government exists as a tool to protect the capital owning class and the capital they own. Wrong. Just totally false. The USGOV exists to persist

> The American government exists as a tool to protect the capital owning class and the capital they own. Wrong. Just totally false. The USGOV exists to persist if you want to be cynical. Persisting in that context means avoiding social unrest that prevents electoral defeat and subsequent legislations that eliminates good paying bureaucratic jobs, and that reduces government spending (thereby reducing income of businesses that rely on USGOV spending). In sum, the USGOV is not shy about cutting the nuts off the "capital owning class" and its doing that right now with higher interest rates, higher taxes, more regulation & declining asset prices.

onlyrealcuzzo 4y ago
> In sum, the USGOV is not shy about cutting the nuts off the "capital owning class" and its doing that right now with higher interest rates, higher taxes, more regulation & declining asset prices. When did Federal income tax go up? REALLY rich people don't have income - they have capital gains - that's not going up at all. Asset prices are down 15% from being up 50% - they're still up higher than average from the beginning of Covid. I imagine they will still go lower - but my crystal ball rarely works. Either way, the wealthy are doing just fine.