Why High Taxes Are Good For The Economy - David Graeber

"With the crises of 2008, the government made clear that not only was it willing to grant "too big to fail" institutions the right to print money, but to itself create almost infinite amounts of money to bail them out if they managed to get themselves into trouble by making corrupt or idiotic loans. This allowed institutions like Bank of America to distribute that newfound cash to the very politicians who voted to bail them out and, thus, secure the right to have their lobbyists write the very legislation that was supposed to "regulate them." This, despite having just nearly destroyed the world economy. It’s not entirely clear why such firms should not, at this points, be considered part of the federal government, other than that they keep their profits for themselves." David Graeber (The Democracy Project: A History, a Crisis, a Movement)