With the narrative of Larry the Loophole, we are given a basic overview of the tax loopholes that were put in place during the Bush Administration and the impact of these loopholes on the average American household. These are the same loopholes that have allowed the burden of infrastructure maintenance and upkeep , i.e. power generation and distribution, highways and bridges, state facilities and parks, etc, to fall upon the taxes collected from the average American. Ironically, the founding fathers never intended taxes to be collected on wages earned but on products we buy and land we owned. Larry provides a fundamental understanding of the overall impact of the loophole systems that are in place as well as insight into some of the practices that created the current financial crisis. Check-out http://www.warongreed.org for more links to provide help in understanding systems and practices that have been put in place that continue to expand the separation between the “Haves and the Have nots”.
August 17, 2009