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Who Will Stand Up to the Superrich?
Sunday, November 21st, 2010
November 13, 2010
During the boom years of 2002 to 2007, that top 1 percent’s pretax income increased an extraordinary 10 percent every year… in that same period, the median income for non-elderly American households went down and the poverty rate rose… ever-widening income inequality was not an inevitable by-product of the modern megacorporation, or of globalization, or of the advent of the new tech-driven economy, or of a growing education gap… Inequality is instead the result of specific policies, including tax policies… for high-rolling donors in election after election.
Tags: economy, ideology, participation, standard of living, tax
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