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Wealth Inequality in America
Published:
Wealth Inequality in America
Comments
The lower percentile of individual personal wealth held work for their money.
The upper percentile of individual personal wealth held money works for them.
As it has been said, It takes money to make money.
Take for example this. In Philadelphia, Comcast built a multi million dollar building. They cable company has more money they know what to do with. But they don't have to pay taxes on that building for 10 years. ALL new construction in Philadelphia has the 10 year tax abatement. But the City of Philadelphia raised taxes on people that can't afford to pay to rehad their homes to get that tax break. So if you are rich, you don't have to pay taxes on a million dollar home for 10 years, then move to a new home in ten years and don't pay taxes on your home for another 10 years....shall I go on? Somebody tell me what is wrong with this?? I have a few more examples of what is going on..........more later.
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