"To his credit, President Obama has succeeded in keeping income disparities from growing even wider, by such measures as by forcing tax rates on the wealthiest Americans up toward fair levels." Not that he gets any credit for it from press or public. Americans - especially white Americans - stand by their FTP* policy. - gwc
Inequality, Unbelievably, Gets Worse - NYTimes.com:
by Steven Rattner
On the programmatic side, among the many meritorious aspects of the much-maligned Affordable Care Act are its redistributionist elements: higher taxes on investment income and some health care businesses are being used to provide low-cost or free health care to a projected 26 million Americans near the bottom of the income scale.
Here’s what’s rarely reported:
Before the impact of tax and spending policies is taken into account, income inequality in the United States is no worse than in most developed countries and is even a bit below levels in Britain and, by some measures, Germany.
Inequality, Unbelievably, Gets Worse - NYTimes.com:
by Steven Rattner
Here’s what’s rarely reported:
Before the impact of tax and spending policies is taken into account, income inequality in the United States is no worse than in most developed countries and is even a bit below levels in Britain and, by some measures, Germany.
However, once the effect of government programs is included in the calculations, the United States emerges on top of the inequality heap."That’s because our taxes, while progressive, are low by international standards and our social welfare programs — ranging from unemployment benefits to disability insurance to retirement payments — are consequently less generous.
Conservatives may bemoan the size of our government; in reality, according to the Organization for Economic Cooperation and Development, total tax revenues in the United States this year will be smaller on a relative basis than those of any other member country.
To his credit, President Obama has succeeded in keeping income disparities from growing even wider, by such measures as by forcing tax rates on the wealthiest Americans up toward fair levels.
To his credit, President Obama has succeeded in keeping income disparities from growing even wider, by such measures as by forcing tax rates on the wealthiest Americans up toward fair levels.
*As Mel Brooks put it in the mouths of the Roman Senators when they learned there was a budget surplus. Asked if they should give it to the poor or "keep it for ourselves" they chanted in unison "fuck the poor".
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