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- iHaveNet.com: Politics
by Robert B. Reich
House Republicans want to put
That we've reached this point reveals both the cravenness of the
In a former life I was a trustee of the
Now that
But why should there be a problem even 26 years from now? Back in 1983, Alan Greenspan's
Greenspan's commission must have failed to predict something. What?
Widening inequality.
Remember, the
Back in 1983, the ceiling was set so the
Today, though, the
In 1983, the richest 1 percent of Americans got 11.6 percent of total income. Today, the top 1 percent takes in more than 20 percent.
If we want to go back to 90 percent, the ceiling on income subject to the
Presto.
So there's no reason even to consider reducing
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