US Economic System

Our economic system seems to have it all wrong.

We drive down wages by destroying unions, refusing to raise the minimum wage, and shipping jobs overseas.  Those workers make so little they don't owe-or pay very little-income taxes, while also getting government benefits in the form of food stamps.  On one hand that results in less revenue coming into the federal treasury while at the same time more money going out to make up the difference from what companies are refusing to pay their workers.  All in all less revenue to pay for the services and programs people need.

On the other hand we allow more and more wealth to accumulate into the pockets of the very wealthy or almost very wealthy.  We then create a  tax structure that limits the amount of revenue the government can acquire from the rich.  We allow those making just under half a million dollars a year to pay a Bush II era tax cut rate.  We tax capital gains at a lower rate than regular income, we tax unearned income (interest and dividends) at a reduced rate than earned income and are about to approve a plan to eliminate inheritance taxes on the extremely wealthy.

If that's not bad enough already, the corporations owned by the very wealthy  take their headquarters off-shore to avoid paying income taxes.

Could we possibly have created a system that is more ---- up?  The reality of an economic system is the average citizen and the spending they do is what keeps an economy strong; the rich have the money but they don't spend enough of it to make up the difference of the paucity of spending by the average person who only had enough to afford the bare necessities.  All of this and we continue to spend for defense like we were still fighting World War II.  

This country-if we keep this up-is heading for a major fall.