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It borrowed until it couldn't borrow anymore to pay for a slew of programs, public employee pensions and other pelf it couldn't afford.

Like Panama, the Cayman Islands, and other notorious way stations for corporate pelf, the US has defied simple international accords seeking to promote genuine tax accountability and transparency among the global economic elite.

More self-employment and higher consumption taxes essentially, not the capitalist plutocrats running away with all the pelf.

That the rich can earn from their investments, continue to pile up the pelf and thus maintain their social status.

For efficiency we rather require that people be motivated by that pelf and gilt.