03/22/2013 09:42 am ET

Rich Americans Who 'Mooch' Are Threatening The Nation

These excessive private taxes or rents are costs on productive enterprise that can be as crippling as excessive public taxation.

In American politics as in the American economy, power and wealth have shifted from the industrial capitalists of old to the “rent lords” of the early 21st century, based in the overgrown FIRE (finance, insurance, real estate) sector.

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