mrstickball on 06 December 2012
| Normando said: As Chark said, it's a simplified, fanciful version so that's it's easier for people (children I imagine) to understand. It's hard to argue with the fact that the top 5% of the population has 61.9% of the money while the bottom 60% has 4.2%. Of course while more and more of the wealth has shifted upwards over the last 50-60 years tax rates on that money have gone down. Add that to the increase in outsourcing by companies and you have a system where the upper class has more money, pays less in taxes, and invests less in this country. Hence our current state. |
Of course, you're forgetting the part where the non-upper class pays even less than they did before. Also, you're forgetting why inequality is higher than it was - the makeup of households is significantly different than it was 20 years ago, as we go away from the nuclear family, which had much lower inequality.
Back from the dead, I'm afraid.
