Archive for August 14th, 2009

health protest
by problembear

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

38125

and less fear, greed and selfishness…………

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When .01% = 6%

by JC

trickle up

“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




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