Capitalism - Good or Bad?
What about the rest of the 99%? Appelbaum suggests a widespread fear that capitalism is becoming a taxpayer funded economic and political system. Crises, such as the 2008 Recession, relied heavily on lower and middle class taxes, and were used to bail out the rich as well. Money that was supposed to head towards our retirement plans is being swayed to help the rich. Shouldn’t it be the opposite way? Why should the poor help the rich stay rich? What the American people do not know is conservatives want our economy to stay that way, but can really Reaganomics last forever? The answer is no. The reason why is the power of voting.
Big businesses that helped fund President Obama during his 2008 election bid now attack him throughout his 2012 presidential re-election campaign, as he has shifted his attention to the economy. Rick Newman of the US News writes back in 2008, Obama didn’t focus on the economy as he was advocating his healthcare plan. This time around, Obama has stood firm on his plan to induce tax cuts on wealthy Americans, most notably representatives in big businesses. In 2008, 75% of big businesses such as Goldman Sachs funded Obama during his campaign trail. After passage healthcare bill, Obama then signed the Dodd-Frank financial reform bill meant to