Rich get richer it's official..!


	Rich get richer it's official..!

TJColatrella

10-18-2007 3:35 PM

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tags:

economics, poor, elite, middle class, bush, tyranny, spp, depression

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/78cf8af7-e1a1-4768-884f-755ea224a173/47110114-F648-43A9-A27C-3FD854E2A226/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/2007/10/18/income-gap-crisis-wealth_n_68994.html?refresh_comments=1" href="http://www.huffingtonpost.com/2007/10/18/income-gap-crisis-wealth_n_68994.html?refresh_comments=1" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2007/10/18/income-gap-crisis-wealth_n_68994.html?refresh_comments=1"><DIV class="entry_content">
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<P>Trickle Up economics has just scored its greatest success and it is being covered up. I wonder why. Could it be embarrassment?</p> <P>The Internal Revenue Service recently released its fun-filled report on 2005 individual income taxes. The headline is that the super-rich were even more super than in any year since 1986 when the IRS first had comparable data. The news pages of The Wall Street Journal duly took note, but not many others did.</p> <P>The top 1 percent of all taxpayers earned 21.2 percent of all the money that individuals in the country earned in 2005. So one-hundredth of the taxpayers earned one-fifth of all income. (The data are available here.) </p> <DIV class="clear full"></DIV>
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