USA Economy ![]() |
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#1 |
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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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