Rising Hegemon
Capital gains are the key ingredient of income disparity in the US-- and the force behind the winner takes all mantra of our economic system. If you want even out earning power in the U.S, you have to raise the 15% capital gains tax. Income and wealth disparities become even more absurd if we look at the top 0.1% of the nation's earners-- rather than the more common 1%. The top 0.1%-- about 315,000 individuals out of 315 million-- are making about half of all capital gains on the sale of shares or property after 1 year; and these capital gains make up 60% of the income made by the Forbes 400.Fuck everybody else.
So, we are different from third world income disparities how exactly?
5 comments:
And here the Republicans keep telling us that the government cannot do anything right. These laws work perfectly and do exactly what they are intended to do.
when no does the rite admit their beliefs are wrong?
No one - no article anywhere, no 'expert' - has ever, ever explained to me why money that is unearned - the huge amounts of money rich people accumulate sitting on their asses - should be taxed at a lower rate than money the 99% have to actually work to scrape together.
Why is this enshrined in our tax code?
Anyone?
"Why is this enshrined in our tax code?"
Allow me to answer a question with a question: how many politicians do you own?
Duh, Winning!
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