Thursday, March 11, 2010

The Rich Man's Burden

I've been posting on income inequality and the tax rate for the top tier wealth holders at DetNews. My tweep capecodgirl found the perfect chart to illustrate the point.

[More posts daily at The Detroit News]

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Blogger said...

I guess the non-rich can continue to wait for that warm, gentle rain of prosperity "trickling" down like a golden shower ... or something ...

9:28:00 PM  
Blogger Libby Spencer said...

Definitely, the or something...

9:47:00 PM  
Blogger Capt. Fogg said...

There's rarely been a theory so thoroughly debunked, but on and on it goes and the biggest believers are the biggest losers.

Hasn't anyone noticed that dips in the top bracket below 50% always bring on a bubble and a crash? Does anyone seriously think that an extra few thousand in Warren Buffet's pocket will create jobs rather than get pumped into derivatives and hedge funds and offshore accounts? Stupid, stupid, stupid!

Hell the Bozo States of America doesn't even know whether their taxes just went up or down and the majority who got a break have are complaining that because the guy who owns half the town got a 2% increase, it's hurting them!

Welcome to Bozoland. Enjoy it while it lasts.

4:33:00 PM  
Blogger Libby Spencer said...

It's mindblowing Fogg. I posted this here so I could use the graphic at DetNews and every time I post on this stuff, my knee jerks critics immediately leap to the defense of the superwealthy at their own expense.

Of course, someone else there recently called me a commie because I posted in support of the college loan reform. So reality isn't really an issue. It's truly an "if I like it, they hate it" mentality.

4:45:00 PM  

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