georgephillip
Diamond Member
"The following fact was sent to numerous conservative pundits, politicians, and profit-seekers:
"Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
"If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
"And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
"This question was not posed in sarcasm.
"A factual answer is genuinely sought.
"It seems unlikely that 1% of the population worked three times harder than the rest of us, or contributed three times as much to American productivity.
"Money earned from tax cuts and minimally taxed financial instruments is not productive income."
Any takers, Cons?
The Question Conservatives Can't Answer | Common Dreams
"Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
"If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
"And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
"This question was not posed in sarcasm.
"A factual answer is genuinely sought.
"It seems unlikely that 1% of the population worked three times harder than the rest of us, or contributed three times as much to American productivity.
"Money earned from tax cuts and minimally taxed financial instruments is not productive income."
Any takers, Cons?
The Question Conservatives Can't Answer | Common Dreams