Hello everybody and thank you for tuning into the weekly report.

Don't tax the rich and the Fed.

Select politicians, government officials, economic elites,

and experts arriving at the annual World Economic Forum meeting in Davos,

Seth Switzerland, were greeted with an open letter signed by more than 250 billionaires and

millionaires. The signers request their respective governments

raise their taxes. The letter signers are concerned about inequality that they say has reached a tip and point.

The cost of this inequality to our economic, societal, and ecological stability risk, the letter continues is severe and growing every

day.

They may have a point.

Since the 2008 market meltdown, resentment against those at the top of the income ladder has been growing.

However, this is not because people are envious of those able to profit in a free market.

Rather, the resentment is rooted in the corporatist system that rewards those who

manipulate the political process.

If the signatories to the letter want to truly end the type of inequality that fuels

populace rage, they should stop calling for tax increases and instead call for an

end to government programs and policies that benefit the rich and powerful.

Including are those programs like the Export-Import Bank

that subsidize large corporations,

health and safety regulations that

cartilize markets while failing to protect consumers.

And intervention is foreign policy that enriches

...