DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - CBO: The Rich Get Richer and the Poor Get Poorer

**NEronchik** · 10-28-2011, 05:11 PM

Here is a snapshot of the new CBO Study on Income increase between 1979 and 2007:

Congressional Budget Office - Trends in the Distribution of Household Income Between 1979 and 2007

The top 1% increased 275%
The bottom 20% increased 18%.

Let's call a spade a spade-the report is clear that government tax and other policies helped redistribute wealth from the bottom to the top.

There is a redistribution of wealth alright-from the bottom to the top. This stands "trickle down" economics on its head.

10-28-2011, 05:11 PM	#1
NEronchik Join Date Oct 2005 Posts 404 Senior Member	CBO: The Rich Get Richer and the Poor Get Poorer Here is a snapshot of the new CBO Study on Income increase between 1979 and 2007: Congressional Budget Office - Trends in the Distribution of Household Income Between 1979 and 2007 The top 1% increased 275% The bottom 20% increased 18%. Let's call a spade a spade-the report is clear that government tax and other policies helped redistribute wealth from the bottom to the top. There is a redistribution of wealth alright-from the bottom to the top. This stands "trickle down" economics on its head.
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