Friday, May 13, 2011

Wall Street Journal Editorial Page is a Lie Machine Again

link here to article

The Wall Street Journal published an editorial that made one valid point and then manipulated statistics to lie about another point. The valid point was that we could not solve our deficit problems by focusing only on taxing the rich. The lie was that most of the income in the US went to the middle class. The Tax Institute properly analyzed the distribution of income by percentile and published a graph that showed what the WSJ should have published. It shows that the top 5% receive the lion's share of income.

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