Populist Daily

Politics, Culture and American Life

  • Populist Daily header image 1

    Entries from August 18th, 2010

    Raise Taxes or Cut Entitlements–You Decide.

    July 2nd, 2010 · 1 Comment · Capitalism, Economics, Politics, jobs, taxes

    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 an [...]

    [Read more →]

    Tags: ···········