Everyone blames welfare for increasing our taxes to allow millions to live of our money and not work. Though this has merit, it can be argued that extremely high incomes are hurting workers more than welfare.
The top 5% of the population (in terms of money) made 19 times more money than the bottom 20% in 2000 (it was 11 times in 1979).
Top 2% percent of the population holds 50% of the wealth.
Low paid workers fell sharply behind those in Europe since the 90s. Now, the bottom quintile in Germany makes 40% more than the bottom quintile in the US.
I guess by charging huge amounts for fuel, commodties and insurance, the rich deserve more than us?
http://multinationalmonitor.org/mm2003/03may/may03interviewsbernstein.html
http://blogs.salon.com/0002007/2003/08/02.html
www.findarticles.com/p/articles/mi_qa3620/is_200301/ai_n9196643
2006-09-26
10:28:23
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