we’re not talking about absolute altruism here…

August 14, 2009 in Montana

by problembear

america should be a country of decent principles and courage…..

and less fear, greed and selfishness…………

When .01% = 6%

August 14, 2009 in Poverty

by JC

“Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometric progression as they rise” — Thomas Jefferson

Update: The HufPo has a writeup today about Saez’s study:

Income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression…

Beginning in the economic expansion of the early 1990s, Saez argues, the economy began to favor the top tiers American earners, but much of the country missed was left behind. “The top 1 percent incomes captured half of the overall economic growth over the period 1993-2007,” Saes writes.

Despite a rising stock market, largely growing employment and a historic housing boom things were not nearly so rosy for the rest of U.S. workers. This trend, according to Saez, only accelerated during George W. Bush’s tenure as President