Paul Krugman points out, with the aid of this handy spreadsheet:
that:
Tax rates for the super-elite, the top .01%, have fallen in half since Mitt Romney’s father ran for president; or to put it differently, after tax income for this group has doubled due to policy alone. And bear in mind that the US economy flourished just fine under those 60-70 tax rates …
It is also the case, as he neglects to mention, that since 1960 tax rates have increased for everyone else, except the lowest, who have been turned to stone from which no blood can be gotten. That includes everyone below the bottom 1%, but of course the disparity is really more dramatic at the very top, where our overlords dwell. Once again, it is not enough that they succeed, everyone else must fail.
Post a Comment