article thumbnail

Excessive Wealth Has Run Amok—This Must Stop

NonProfit Quarterly

The rules governing the attraction of wealth to wealth are not laws of nature, nor are they immutable. Slavery became the economic engine of the United States, fueling wars and building industries, including agriculture, banking, small business, and manufacturing. Wealth is also extracted from the earth—from mining to fracking.

article thumbnail

The Social Contract: What’s Missing in the “Historic” Biden Legislation?

NonProfit Quarterly

Research/development, manufacturing, workforce. trillion bill, which is only true if you count the $650 billion for roads and infrastructure that was already law before the bill’s passage. Taxation is mildly deflationary, since, by definition, taxes reduce the money available for consumer purchases. Long-term care.