Thursday, October 20, 2011
The Inequality Of "Trickle-Down"
These charts, based on figures from the Congressional Budget Office, bring into sharp focus the harsh reality of the effects of Republican "trickle-down" economic policy. In before tax income, the richest 1% have seen their income rise by an average of nearly $2 million since 1980 while the income of the bottom 80% has not risen at all. And in after tax income, the top 1% has seen an income rise of about 130%, while the income of the bottom 80% has actually fallen. It's quite obvious that nothing is "trickling down". The worst part is that the Republicans don't seem to care about anyone but the richest 1%, because they continue to push the same failed "trickle-down" economic policy.
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