LOGO
USA Economy
USA economic debate

Prev Previous Post   Next Post Next
Old 10-28-2011, 05:11 PM   #1
NEronchik

Join Date
Oct 2005
Posts
404
Senior Member
Default 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.
NEronchik is offline




« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 09:18 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity