Americans’ Finances Under Seige
Posted in Newsroom on October 2, 2007 – 9:40 pm
It is Big Business vs. the Federal Government
Health care companies, drug companies, energy companies, insurance companies, major banks, Wall Street investment banks and hedge funds have aggressively and at times been very exploitive in their pursuit of Americans’ hard-earned income.
Companies from these categories make up 37 of the 50 most profitable companies in America.
It is my estimation that there has been a $3.5 to $4 trillion-wealth transfer – yes trillions - from individuals to companies in these areas of business the past four years.
The federal government has stepped in with more regulations which costs are passed onto American taxpayers through higher taxes.
So in the end, Americans end up paying higher costs for products and services due to greed and higher income taxes due to regulations and a bloated federal government.
President Calvin Coolidge said, “Collecting more taxes than is absolutely necessary is legalized robbery.”
Listen to the new presentation by clicking on the Podcasts link above.
