Tax - best and worst system's

The other aspect about this discussion (and it is related), is the negative interest rate environment. It rewards borrowers (and reckless individual and corporate) and shams savers (retirees and retirement accounts).

This is a great pillage that is taken money form everyday people and ultimately giving it to the reckless and the corporations. It is not "saving" the economy, but ultimately taxing the non 99%, especially lower middle and middle class) and will wreck the assets of the middle. Deflation will continue to grow (shrink). Those who are in the 1% will then be able to buy assets at bargain prices when the majority is broke. This is what happened in Eastern Europe essentially. Now the income/asset equality is not fixable there.

 

Good eye, MrHawk.

 

Yeah...nothing "new" unfortunately. Wealth via dispossession is an old scam.
We should have a statue of Brooksley Born in every class that teaches economics.
Glass-Stegall needs to come back double quick.....but the TPP is as bad as that was good.
It has been years since any real "trade restrictions" existed. Things like TPP and NAFTA are just lopsided business agreements designed to put the nail in the coffin of whatever Liberty/Safety enforcement might, yet, remain to protect the bulk of humanity.
Unless people take to the streets en masse .....Looks like business as usual unfortunately. The funeral dirge continues.