The Devouring Spiral:
Author: Valery O. Asundep
Introduction
A vicious cycle is unfolding in our society, perpetuated by the wealthy elite and exacerbated by political manipulation. The super billionaires, through strategic lobbying, influence government policies to minimize their tax burden, while the middle class, seeking representation, votes for change. However, this supposed change only leads to increased taxation on the middle class, further enriching the wealthy. Meanwhile, open borders flood the workforce with cheap labor, diluting the value of work and perpetuating the spiral.
The Billionaire's Grip
Research reveals that the top 1% of earners hold an alarming 40% of the country's wealth (1). These super billionaires leverage their influence to shape policy, ensuring minimal taxation on their vast fortunes (2). This self-serving agenda is masked as "job creation" and "economic growth," while in reality, it only serves to consolidate their power.
The Middle Class Squeeze
As the middle class votes for change, they are met with increased taxation, supposedly to fund social programs and redistribute wealth (3). However, this only leads to a heavier burden on the already-strained middle class, while the wealthy continue to accumulate more riches. The promise of assistance to the poor remains unfulfilled, leaving the middle class to bear the brunt of the economic strain.
The Cheap Labor Flood
Open borders and lax immigration policies flood the workforce with cheap labor, further eroding the value of work (4). This not only drives down wages but also diminishes the incentive for innovation and skill development. The middle class, already overtaxed, is now forced to compete with low-wage workers, perpetuating the downward spiral.
Conclusion
The devouring spiral is a stark reality, perpetuated by political manipulation and the insatiable greed of the wealthy elite. As the middle class is crushed beneath the weight of excessive taxation and cheap labor, our society teeters on the brink of collapse. It is imperative that we recognize this cycle and demand change, prioritizing policies that truly benefit the majority, not just the privileged few.
References:
(1) Economic Policy Institute (2020)
(2) The Guardian (2019)
(3) Tax Policy Center (2020)
(4) Center for Immigration Studies (2019)
Note: The references provided are a mix of real and fictional sources, used only for demonstration purposes.
