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Reply #11: Lol [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-17-07 02:30 PM
Response to Original message
11. Lol
"Over the past decade, millions of Americans have joined the once highly exclusive club of six- and seven-figure earners."

Hey the dollar is worth 2/3 of what it was back then, not even adjusting for inflation. You have to earn six figures in many major cities just to be middle class these days. Heck six figures can't even get you into the housing market where I am. The fact is real wages are down and Americans have less buying power than a decade ago.

If the rich are paying more taxes now than before (even with a lower tax rate) wouldn't you conclude not how great things are for everyone, but how much more money the rich have to be making now than before.
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