We should all be aware of – if not actually concerned about – the growing gap between the very rich and all the rest of us. How big is the gap? Consider:
Three years ago, the top one percent of income earners in the country made more money than the bottom 50 percent.
Today, the top one percent makes more money than the bottom 90 percent … assuming it’s possible to grasp the concept of 90% being the bottom of anything.
And remember: this has nothing to do with total wealth. This refers only to annual incomes.
So how in the name of anything that’s fair, reasonable or rational, can the Republicans be demanding that the Bush tax cuts – which were a major factor in our current deficit problems – be kept in place for that top one percent?
They can’t.
But they still do.
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