"The stock game players on Wall Street have ripped off the rest of this society for long enough. There is no reason to enable or allow them to do it. And nothing exemplifies this better than the craziness of New York state having in effect a stock transfer tax, a sales tax on shares, in the law since 1905 that is "rebated" since 1981 so that the richest amongst us don't have to pay. Extraordinary. But it is the kind of extraordinary bias built into the tax structure of this society. And you can tell by who benefits from this odd tax structure who has the power to shape that structure so it works that way." - Richard Wolff

This is a clip from Economic Update: The System Implodes: Amazon, Evictions, Tax Abuses, & Minimum Wages
[S11 E08]
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Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself"
Now also available as an eBook!
www.democracyatwork.info/books

"Indeed, his book is so thorough, so comprehensive in its insightful analysis, that it is a practically a one-stop center for anyone who wants to understand why the year 2020 has been such a dumpster fire." - SALON

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
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