(from Ezra Klein on Twitter)
From 95-07, effective tax rates on top 1% fell 6.6%. On the 20th-99th%, they fell by 2.9% http://wapo.st/KVrwng
In other words, it's good to be rich in America. Here are the graphs: http://wapo.st/KVrwng
still waiting on that trickle down . . . or, the tide to lift all the boats . . . or, whatever bumper sticker slogan we use to convince ourselves and others that it's beneficial to the society at large to continue these policies that benefit the uber-rich. Don't care if you want to call it class-warfare or whatever, but you don't have to be Milton Friedman to see that it's not working. Not when 2 of 3 school districts in Ohio are in fiscal distress. Not when we're laying off teachers. Not when nearly 50 million citizens of the United States of America don't have healthcare (they can't all be lazy, can they?).
It's time for the Bush Tax Cuts to go away--for all of us, for good (well, at least for now). And, now if you couple that w/ an end to our wars abroad, half the deficit goes away. Just like that? Yes, just like that.
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