There are innumerable configurations of macro-economic relations possible. Creative economic minds select one course of action for political economy and determine the present vector. Yet the U.S. Government probably is functioning to materially benefit the 1%. Three billionaires have as much wealth as 160 million U.S. citizens. Concentrating wealth allows the most rich to buy the media and control political opinion and thought to a certain extent while also closing down secure internet sites for writers to express dissenting ideas. One could reduce the federal debt (and they should) yet that would require progressive taxation and Americans have been misled to believe that higher taxes on the rich support indolent socialists that don’t want to work and want everything for nothing.
A democracy should be somewhat egalitarian and support individual independence so far as possible. Because concentrated wealth can become a political danger the progressive tax is requisite to keep the blimps tethered.
Democracy is the great middle ground between socialism and plutocracy. Democracy can serve the demographically real people best and fairly reform non-sustainable economic policy toward sustainable economic foundations that place growth in quality instead of material quantity. Most U.S. politicians are unable or unwilling to defend real democracy and progressive taxes instead of sieging the capitalist fuhrer of either party in the White House who may nominally talk about conservation of the environment but in fact doesn’t in the least move away from the concentration of wealth to the point of making the 1% royalty. One-percent economics is non-sustainable economics and completely against democracy.
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