The economic system champions individual responsibility for the middle class but provides government bailouts and shields large corporations and the wealthy from failure. This cronyism prevents creative destruction, calcifies the class structure, and stifles opportunities for new entrants.
Through capital and connections, the top 1% can navigate the legal and political systems to their advantage—from securing bailouts to obtaining pardons. This creates a two-tiered system of justice where the law binds the 99% but does not equally protect them.
The binding nature of 'early decision' programs prevents accepted students from leveraging competing financial aid offers. This tactic, combined with universities raising prices in lockstep, effectively creates a cartel that maintains total pricing power over families.
The majority of the $7 trillion COVID-19 stimulus was saved, not spent, flowing directly into assets like stocks and real estate. This disproportionately enriched older generations who own these assets, interrupting the natural economic cycle and widening the wealth gap.
Social Security is framed not just as a successful anti-poverty program, but as a system that annually moves over a trillion dollars from the younger, less wealthy working-age population to the most affluent generation in history, who are often asset-rich.
The biggest tax cut isn't a legislative change but rather neutering the IRS's budget. The agency lacks the resources to audit the complex finances of the wealthy, incentivizing aggressive tax strategies and leaving hundreds of billions in legally owed taxes uncollected each year.
Tax policy is a reflection of societal values. By taxing capital gains at a lower rate than ordinary income, the U.S. tax code inherently suggests that wealth generated from existing money (assets, stocks) is more valuable or 'noble' than wealth generated from work and labor.
The US tax system disproportionately penalizes high-income 'workhorses' (e.g., doctors, lawyers) who earn from labor. In contrast, the super-rich, who derive wealth from capital gains and have mobility, benefit from loopholes that result in dramatically lower effective tax rates.