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Economists Say We Should Tax The Rich At 90 Percent

Economists Say We Should Tax The Rich At 90 Percent
Above:?Members and supporters of Welfare Rights Committee stand in front of banner after April 15 “tax the rich” protest. (Fight Back! News/Kim DeFranco) Kindermann and Krueger say that a top marginal tax rate in the range of 90 percent would decrease both income and wealth ... Read more

The Bottom 90 Percent: Poorer Today Than They Were In 1987

The Bottom 90 Percent: Poorer Today Than They Were In 1987
The Federal Reserve has already told us that the median households is?worth less now than it was?in 1989?— that’s the household right in the middle — it turns out that everybody but the richest 10 percent of Americans are worst off. That includes the poor, the entire ... Read more

World’s richest man tries to defend wealth inequality

World’s richest man tries to defend wealth inequality
Gates gives us a textbook example of the problems. While he is undoubtedly smart and hardworking, the key to his incredible wealth was the decision by the Justice Department largely to ignore antitrust law. Gates used?classic anti-competitive practices to gain and protect a near monopoly?in ... Read more