Populist Daily

Politics, Culture and American Life

Populist Daily header image 1

Entries from August 17th, 2011

Raise Taxes or Cut Entitlements–You Decide.

July 2nd, 2010 · 1 Comment · Capitalism, Economics, jobs, Politics, 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 [...]

[Read more →]

Tags: ···········