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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (708537)	4/11/2013 3:33:27 PM
From: SilentZ	Read Replies (2) of 1574002

>When did the wealth gap decrease significantly? Even under Clinton, the wealth gap has been increasing. I'm not referring to Clinton. Clinton's tax rates were historically really low, even if they were higher than Bush's. Look at the chart here. en.wikipedia.org Then look at this. en.wikipedia.org Almost mirror images. >Taxes have been progressive for decades now, yet the gap between rich and poor continues to grow. They're not really progressive. They used to be. Nominal income tax rates are to a degree, but that's really it. Most of the rest of the tax load is pretty regressive, and increasingly so. >The solution isn't a sharper progressive curve. The solution is to get people working again. Who's going to put them to work? Corporate profits and cash reserves are at an all time high, and the rich are richer than ever. But they won't hire because we hurt their fee-fees? -Z

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