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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: benwood who wrote (102761)4/19/2009 1:22:02 PM
From: Skeeter Bug3 Recommendations   of 110194
 
benwood, one nuance is that the increased GDP has benefitted the wealthy much more than everyone else. for example, i read that less than 30% of rents, dividends and similar income went to the top 1% wealthiest people in the late 70s and now more than 70% go to the top 1%.

that means that the tax burden on the middle class has, in fact gone up substantially unless the wealthy have their tax rate raised much higher than the middle class (unlikely to happen as the uber rich run government and fascism - corporate controlled government - isn't going anywhere).
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