From MyDD: Income / Wealth Gap Data Shows We Already Have 'Flat Tax' Era
Intersting conclusion in this article, as the pverall tax burden of the top quintile was ~19%, where the overall tax burden for the lowest quintile (i.e., working poor) was ~18%.If you look at numbers since the early 1960's (earlist available data from the USG) the top 1% have increased their wealth by a FACTOR OF SEVEN over the poorest 20% of Americans. I'm sure that things have accellerated in the 80's, 90's and have been redonkulous in this decade.
Meanwhile, we continue to give away the farm to the richies and corporations while passing on the debt to China. 1/2 a trillion dollars and counting!
posted by jimboses @ 12:12 PM
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