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Wealth inequality is often blamed on billionaires, but never on government policy that systematically diverts workers’ income away from private ownership and into non-inheritable entitlement programs. Payroll taxes for Social Security and Medicare, combined with rising healthcare mandates, remove thousands annually from middle-class families, funds that could otherwise compound into long-term wealth.
A central contrast emerges between ownership and promise. Private investments grow, compound, and can be passed down; entitlement benefits remain political guarantees that never appear as personal assets. Meanwhile, capital gains and reinvested corporate growth allow wealth to accumulate outside wage-based taxation, widening the structural divide.
Historical tax policy, bracket creep, and modern state-level tax increases are presented as reinforcing the same pattern: shrinking disposable income while expanding government control.
If wealth grows through ownership, why does the system keep us from building it?
For more episodes and resources, visit fromourgeneration.com.
Dive deeper with Giants of Political Thought at giantsofpoliticalthought.com.
By Crom Carmichael and Mike HassellWealth inequality is often blamed on billionaires, but never on government policy that systematically diverts workers’ income away from private ownership and into non-inheritable entitlement programs. Payroll taxes for Social Security and Medicare, combined with rising healthcare mandates, remove thousands annually from middle-class families, funds that could otherwise compound into long-term wealth.
A central contrast emerges between ownership and promise. Private investments grow, compound, and can be passed down; entitlement benefits remain political guarantees that never appear as personal assets. Meanwhile, capital gains and reinvested corporate growth allow wealth to accumulate outside wage-based taxation, widening the structural divide.
Historical tax policy, bracket creep, and modern state-level tax increases are presented as reinforcing the same pattern: shrinking disposable income while expanding government control.
If wealth grows through ownership, why does the system keep us from building it?
For more episodes and resources, visit fromourgeneration.com.
Dive deeper with Giants of Political Thought at giantsofpoliticalthought.com.