Robin Hood in Reverse in US: Seven Examples

[Donnachaidh]

http://www.commondreams.org/view/2011/04/07-3

The rich have been getting richer and the poor and middle have been getting poorer in the US recently. Here are seven examples that show how the US is going through Robin Hood in Reverse.

Between 1948 and 1979, the richest 10 percent of families in the US claimed 33 percent of average income growth. Between 2000 and 2007, the richest 10 percent claimed a full 100 percent of average income growth in the US, according to the Economic Policy Institute.

Business taxes were cut from 46 to 34 percent 25 years ago, according to Pro Publica. But today 115 of the big 500 companies listed on Standard and Poor’s Stock Index paid federal and other taxes of less than 20 percent over the last 5 years according to David Leonhardt of the New York Times.

General Electric’s tax rate for last year was 7 percent according to Pro Publica.

More at the link --

[global1]

1. Hoodin Rob........nt

[DirkGently]

2. Yep.

[On the Road]

3. Yes, and What's Even Worse

is that even charities are led by people like this.

(g)