You should see one particular chart from the Congressional budget office. Here’s what it says: The lowest two quintiles (lowest 40%) of wage earners averaged $17,400 in 1979. The Top One percent of wage earners averaged $167,500 in 1979. By 2007, the 27th year of the Neoconservative Era, the bottom two quintiles made $20,500. That’s [...]
Entries from August 17th, 2011
Raise Taxes or Cut Entitlements–You Decide.
July 2nd, 2010 · 1 Comment · Capitalism, Economics, jobs, Politics, taxes
Tags: CEO pay·Corporatism·cuts in Medicare spending·cutting taxes·cutting the national debt·deficit spending·entitlements·government deficits·raising taxes·Social Security and Medicare·the national debt·the top 1% of income earners
















