Monday, October 31, 2011

CBO says wealthy making out like bandits

By contrast, look at the top 1 percent of earners. Their after-tax household income increased by an astonishing 275 percent. For those keeping track, this means it nearly quadrupled. Nice work, if you can get it.  This is not what Republicans want you to think of when you hear the word redistribution. You’re supposed to imagine the evil masterminds as Bolsheviks, not bankers. You’re supposed to envision the lazy free-riders who benefit from redistribution as the “poor,” and the industrious job-creators who get robbed as the 'wealthy' — not the other way around."

If trends like this continue, you destroy the system, and wind up with everybody being either a serf or a lord. That's not what the US of A is supposed to be.

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