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xchrom

(108,903 posts)
Tue Apr 17, 2012, 10:50 AM Apr 2012

5 reasons why the very rich have not earned their money

http://www.nationofchange.org/five-reasons-why-very-rich-have-not-earned-their-money-1334670549


The wealthiest Americans believe they've earned their money through hard work and innovation, and that they're the most productive members of society. For the most part they're wrong. As the facts below will show, they're not nearly as productive as middle-class workers. Yet they've taken almost all the new income over the past 30 years.
Any one of these five reasons should reinforce the belief that the rich should be paying a LOT more in taxes.

1. They've Taken All the Middle Class Wage Increases

In 1980 the richest 1% of America took one of every fifteen post-tax income dollars. Now, according to IRS figures, they take THREE of every fifteen post-tax income dollars. They've tripled their cut of America's income pie. That's a trillion extra dollars a year.

For every dollar the richest 1% earned in 1980, they've added three more dollars. The poorest 90% have added ONE CENT.
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5 reasons why the very rich have not earned their money (Original Post) xchrom Apr 2012 OP
This is a Republican redistribution of America's to the top and away from the rest. nt Sarah Ibarruri Apr 2012 #1
We be getting beggered by our greedy elites 99th_Monkey Apr 2012 #2
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