Friday, March 4, 2011

Just Sayin'

We can't tax the rich. One is shouted down for even mentioning it.

Yet, as Robert Pollin and Jeffrey Thompson remind us, "Of course, the wealthy do not want to pay higher taxes. But during the economic expansion and Wall Street bubble years of 2002–07, the average incomes of the richest 1 percent of households rose by about 10 percent per year, more than three times that for all households. The richest 1 percent received fully 65 percent of all household income growth between 2002–07."

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