For the 0.01%, tax has been halved and income has doubled since 1960, due to policy alone

[kpete]

For the 0.01%, tax has been halved and income has doubled since 1960, due to policy alone

You don’t think that’s fair? Get over it.

Paul Krugman http://krugman.blogs.nytimes.com/2012/07/08/taxes-at-the-top/ points out that “tax cuts are a much bigger story in rising inequality than the right wants to hear. Piketty and Saez (pdf) http://elsa.berkeley.edu/~saez/piketty-saezJEP07taxprog.pdf have looked at tax rates including imputed corporate taxes, and here’s what they get:




...........................

Mitt Romney is one of the super-elites, with the low tax rates and doubled take-home income — and he wants to be president.
http://underthemountainbunker.com/2012/07/11/for-the-0-01-tax-has-been-halved-and-income-has-doubled-since-1960-due-to-policy-alone/

******************

Half century of tax cuts for the rich reduce their rates by half. Not good enough, Republicans say
byMeteor BladesFollow
http://www.dailykos.com/story/2012/07/10/1107769/-Half-century-of-tax-cuts-for-the-rich-have-cut-their-rates-in-half-Not-good-enough-Republicans-say

[Fumesucker]

1. And the benefits will start trickling down on the lower classes real soon now..

Right after the next tax cut.. Yeah, that's the ticket, we have to reduce uncertainty you know.

It's all about that Kandra Tea Leaf Weave, when it comes around everything will be so much better..