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Sunday, June 05, 2005

Richest Are Leaving Even the Rich Far Behind

I guess the old saw "The rich get richer and the poor get poorer" will have to be modified to "The ultra-rich get much richer, the rich get a little more rich, and the poor get poorer." Maybe too verbose! In any event here's a choice tidbit from the article:

From 1950 to 1970, for example, for every additional dollar earned by the bottom 90 percent, those in the top 0.01 percent earned an additional $162, according to the Times analysis. From 1990 to 2002, for every extra dollar earned by those in the bottom 90 percent, each taxpayer at the top brought in an extra $18,000.

Just the way the "soak the poor" Bushians love it.

Jack Clark 10:29 PM [+]   
Post #111803579550943339