Saturday, August 20, 2011

US Asset Distribution

This is the pie chart featured in the recent PBS report on Income Inequality in the US. GW Bush said that it's no use trying to tax the rich, since they have tax lawyers and will do everything they can to not pay (their fair share).

A meme is also going the rounds that you couldn't possibly get enough out of the rich to alleviate our problems, even if you took all they have. (wtf?)

The answer, for these people, is to tax the lowest 40% - that would be the tiny sliver top center with two arrows pointing to it.

HUH?

Jon Stewart pointed out in his recent, excellent segment that if the government were to take ALL of the assets of the lowest 50%, it would equal $1.5 Trillion, or the amount they want to cut from the budget in the near term.

Me? I say TAX THE RICH - it's a no-brainer.


30 Comments:

Blogger Eric said...

Looks like it's time for pitchforks and torches, tar and feathers.

11:04 AM, August 21, 2011  
Blogger UpUpAndUp said...

Moderates and even many who claim to be progressive just don't want to discuss this for fear of being labeled socialist and redistributionists. It's simply a reality we, as a nation, need to face and decide whether this is healthy to our democracy or even acceptable.

I say no, it's not acceptable nor even remotely moral.

12:57 PM, August 21, 2011  
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