Record Inequality
Two data points; the top 400 richest Americans have more in assets than
the bottom 60% of the population, the top 1% owns more than the bottom 90% of the population. That says two things; the rich have been getting richer all the time and that regardless of how much they are paying in taxes it's not nearly enough, and it says that the republican economic plan known as "Trickle Down Economics" does not work as advertised. None of the benefits of cutting the taxes and regulations on the rich ever make it down to the rest of the people. So the fact is the rich have been getting richer and if you're not one of them you are probably now poorer than you were in 2000. If you're one of the rich I can see that you would like the way things have gone. But why do the rest of you? Following the republican economic plan has only made you poorer. Hawke |
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