Friday, October 12, 2007

Income Equality
The IRS has released stats for 2005. Of all income earned, the wealthiest 1% raked in 21.2% of it. The 50% of Americans in the lower half pulled in...wait for it...12.8% Yes, that discrepancy is a new record. But really, more tax cuts please for rich people - dividends, capital gains, inheritance... How long until the poorer half of us account for single digits in share of the country's wealth?

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