There are 15 charts in this post (via Manan Shukla). They help to explain the despair that is being expressed by the Occupy Wall Street group and others.
The slides tell the story that has made the US rank #93 on the rankings of nations on the most commonly used measure of inequality. They also provide ammunition that counters the claims that the super rich pay most of the taxes. The answer is simple they have most of the income. If we taxed debt instead of income the bottom 90% would be paying most of the taxes.
The post that follows comes from an economist who is concerned about the social implications.
No comments:
Post a Comment