"Baxter" wrote in message
Thats what happens when your income is from a salary, not from business
earnings or from capital gains.

true, without business earnings and investment from capital gains,
Joe's unemployed and living under an overpass.

Actually, real wages were higher back when taxes on the rich were higher.

What you're ignoring is that while profits have been rising, wages have been
declining.

Not ignoring - doesn't give a damn.

Bob