Quote:
Originally Posted by Slims
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Yes, that's about what it is. But let's give that some context.
Total Net Worth:
The top 1% controls 33.4%
The next 19% controls 51%
The bottom 80% controls 15.5%
... and that was back in 2001, so you know that the numbers are even more unequal in 2009.
If you control a third of the wealth but pay less than a quarter of the taxes, it seems you're getting a hell of a deal.
Who Rules America: Wealth, Income, and Power
Progressive tax exists in a system where most of the wealth lies at the top.