G. W. Bush jobs destruction, dismantled oversight, slashed corporate taxes and mushrooming debt.
The Plunder, Pillage and Destruction of the American Tax Base by James Woolley.
For example, offshore-registered hedge funds are tax-exempt and so too are earnings of those fund managers. Yet, they live and work in America. They utilize the same streets, highways, playgrounds and facilities as the rest of us, and they escape all financial responsibilities.
But what about a small company where the employees routinely ate lunch at a nearby sandwich shop? Once everyone has been laid off, the business for that sandwich shop suddenly takes an enormous downturn.