Tuesday, March 10, 2015

Distribution of Wealth in the US: Imagined vs Actual

From Robert Reich: Take a look at the chart below and note the gap between the actual distribution of wealth in the United States (top bar), what Americans think the distribution is (second bar), and what they'd like it to be (bottom bar). If more Americans knew the truth, we'd have a better shot at changing what must be changed -- raising the minimum wage, expanding the EITC, raising the cap on income subject to Social Security taxes, limiting the deductibility of CEO pay, making it easier to form labor unions, and increasing taxes at the top to pay for world-class education for all our kids. So, please, spread the truth.



 

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