According to one analyst at least, the fact that taxes serve a redistribution of income role seems noteworthy. Yes! It is.
The sad fact is that the US economy is not working and the tax figures show it.
Why do so many Americans need a hand out?
The missing part of the analysis is that income from monetary expansion is going to the rich and not to employment and incomes of the less well off. The US economy is failing its people big time. The rich know that their income comes from services and so they invest in services. They exclude manufacturing in their real investments and so exclude a huge segment of the livelihood of Americans, hence the non income or low relative income for the vast majority of Americans seeking a job in manufacturing.
Without manufacturing the US economy is doomed.
