The 1% grabbed 82% of all wealth created in 2017http://money.cnn.com/2018/01/21/news/economy/davos-oxfam-inequality-wealth/index.html …
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What percentage of the nation's wealth do they own?
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What percent of the wealth do they have? Worth mentioning, no?
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The problem with conservative ideology is 99% eventually run out of money, period.
End of conversation
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And what percentage of the wealth do they own ya bunch of math wizards?
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And what percentage of the county's wealth and income can be attributed to this same 1%?
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But rates have gone down on cap gains. This tells us the gap between rich and poor is widening at mach speed. Derivatives markets?...
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Why is this a story? And where does it mention that 80% of the households owns 7% of the wealth in the US? All else belongs to the rest of the rest of the Americans who SHOULD pay the bulk of taxes.
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Nobody will be satisfied until the top 3 earners pay for the entire budget of the US.
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So what. There was no income tax until 1913. And the IRS only collects income tax on behalf of the Federal reserve as interest for all the funny money they lend our government to spend.
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Progressive taxation is a *good* thing, and federal income tax is pretty progressive. But taxation in the U.S. overall is not, since much of the tax we all pay is regressive: property tax, sales tax, state-level income tax (which is only progressive in some states), and so on.
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As they should. . . If this is not “fake news.”
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This is not right. Socialism does not work.
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Misleading to show the rich are overtaxed and the poor don’t pay anything. Factor in payroll + state/local taxes and the system will look far less progressive.
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Left's sense of " fair". Top 20% pay 87% while 48% pay zero.
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Just to give you an idea of how rich the 1 percent really are. If you inherited one billion dollars and spent 1000 dollars ever day. It would take you more than 2700 years to burn through your inheritance.
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just means they are making more money then they did last year
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