Or why people in lower tax brackets vote for tax cuts for those in the highest tax brackets.
Recommended reading: Unequal Protection by Thom Hartmann
Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.
Grover Cleveland stated in 1888,The Government itself is under bond to the American people that in the exercise of its functions and powers it will deal with the body of our citizens in a manner scrupulously honest and fair and absolutely just. It has agreed that American citizenship shall be the only credential necessary to justify the claim of equality before the law, and that no condition in life shall give rise to discrimination in the treatment of the people by their Government.
President Cleveland goes on to point out that looking more closely at the apparent wealth and glitz of our cities we see poverty by farmers forced into the labor force by the changing nature of agriculture. He makes the point that they have little influence on the political process which is controlled mostly by concentrated wealth.
Further (and this is the main point), "We discover that the fortunes realized by our manufacturers are no longer solely the reward of sturdy industry and enlightened foresight, but that they result from the discriminating favor of the Government and are largely built upon undue exactions from the masses of our people. The gulf between employers and the employed is constantly widening, and classes are rapidly forming, one comprising the very rich and powerful, while in another are found the toiling poor." I'll add that they are not at all the reward of enlightened foresight but of clever and malignant manipulation of our government and financial institutions which have allowed and even encouraged firms like Wal-Mart to exploit near slave labor from undeveloped societies.
What Grover Cleveland feared in 1888 has reached fruition with globalization and the distorted misnomer "free market."