Thursday, June 23, 2011

Tax Cuts are not the answer.



“• 83% of all U.S. stocks are in the hands of 1% of the people.
• 66% of the income growth between 2001 and 2007 went to the top 1% of all
Americans.
• In 1950, the ratio of the average executive'­s paycheck to the average worker's paycheck
was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to
one.
• As of 2007, the bottom 80% of American households held about 7% of the liquid
financial assets.
• Average Wall Street bonuses for 2009 were up 17% when compared with 2008.
They’re up another 5% in 2010.
• The top 1% of U.S. households own nearly twice as much of America's corporate
wealth as they did just 15 years ago.
• More than 40% of employed Americans are now working in service jobs, which are
often very low paying.
• The top 10% of Americans now earn around 50% of our national income and the top
1% earn around 24%.


What is the GOP response to all this wealth being concentrat­ed at the top? Give them a tax cut.”

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