Jason A Summers
Jan 25, 2022

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Very interesting article. I agree, you need to redistribute prior to billionaires taking possession of funds. My father was the staff engineer for a flow valve company. In the 80's he'd had many discussions with management that were attempting to divert profits to themselves using a tax loophole which attempted to redirect funds earmarked for reinvestment in equipment to themselves. They were attempting to exploit a tax benefit which gave you lower earnings if you reinvested in research and development or new equipment. This policy put money back into the economy and created competition among vendors. After Regan, this exploit became legal and companies began redistributing profits to executives, and now they feel it is "their money" and your position is validated. It is not just a billionaire problem but rather an executive mindset problem as a whole.

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Jason A Summers
Jason A Summers

Written by Jason A Summers

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