There are of course a million and one other ways that we structure the financial sector to benefit the rich: government deposit insurance, exemption from the sort of sales taxes that apply to almost everything else we buy, and nonsensical tax preferences like the carried interest deduction that fuel private equity and hedge funds. Yet, somehow progressive intellectuals look at all the rich and super-rich in finance and just see the market being left to itself. More
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Dean Baker | radiofree.asia (2024-05-18T07:46:20+00:00) » Team Billionaire is Winning. Retrieved from https://radiofree.asia/2023/10/05/team-billionaire-is-winning/.
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