- Tuesday, April 02, 2013
- Mark Rahman
We see record profits for big business, alongside continued “tightening of the belt” for the working class, as well as the biggest federal budget crisis to date. Europe is on the precipice of financial meltdown, and two of the world’s biggest economies, China and Germany, seem to be stagnating. India, Brazil, and Russia are also experiencing slowdowns. There are rough seas ahead and we may well be heading toward a period similar to that of 1937–38—“part two” of the Great Depression. All this while corporate America sits on trillions of dollars in cash. To many, the answer seems simple: tax the rich! But this is an extremely limited slogan.