“There are 1,000 billionaires in America,” Biden later said. “You know what the average federal tax is for these billionaires? They are making great sacrifices: 8.2 percent. That’s far less than the vast majority of Americans pay. No billionaire should pay a lower federal tax rate than a teacher, a sanitation worker or a nurse.”
We were told empowering the rich would empower us all, but all it did was make them greedier and meaner, make the rest of us poorer and meaner, and trigger endless combat over crumbs between everybody and everyone.
The days of trickle-down economics are over
The days of trickle-down economics are over
 The days of trickle-down economics are overIf you read only headlines or news summaries for last week’s State of the Union address, you almost certainly mi… |
Top executives at dozens of major, profitable U.S. businesses received more in total compensation in recent years than their companies paid in federal taxes, underscoring the twin outrages of skyrocketing CEO pay and rampant corporate tax dodging.
Sincerely,
Ed