Reply #70: Not to be dense

[sandnsea]

But I'm not seeing where you got that $28,000 from.

Here's an article on median wage though. 2003 median wage was $13.63 an hour, which is about $28,000 a year. That means half the people in the country make less than $28,000 a year and I think that's likely to be more than what was the case in 1965.

http://cleveland.indymedia.org/news/2004/09/12003.php

Seriously, wages for the masses have not kept up. Automatically means a reduction in tax revenues. Plus we gave huge tax cuts to corporations and the wealthy, compared to pre-1980. It's no wonder we've got all these deficits.