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One initiative that the Foundation for Enterprise Education favored in the 1940s and early 1950s was called Spiritual Mobilization, an organization that sought to persuade Christian clergy “that unregulated capitalism was not merely compatible with Christian values but founded upon them” (7). That markets work and publicpolicies fail.
Wealth comes from owning assets that go up in value. Wealth comes from owning assets that go up in value. People buy assets that go up in value by, Picking the right assets. Using personal effort to increase asset value. Rutgers Journal of Law & PublicPolicy, 14, 169-195. [4] It’s called a house.
It’s time to change publicpolicy to do away with excessive wealth and its corrosive effects on our lives, our society, and our democracy. To interrupt this pattern, publicpolicy must, at minimum, implement policies that tax wealth to cut down on the excessive concentration of wealth over time.
This series explores how the taxation systems quiet violence enacted against Black Americans leads not only to financial inequality but also to stolen legacies, futures, peace, and healthand presents solutions for equitable change. In US history, tax policies have served as a primary tool for cementing power for wealthy White elites.
This is neoliberalism, which is best understood as a politics in which the state acts to support the concentration of wealth among an elite few through its taxation, spending, and regulatory policies. 41 Mitchell also emphasizes the need to replace the corporate-dominated economy with an economy rooted in values of solidarity.
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