The Rich’s fair share

The rich are paying less to the government.

Because there are less of them.  The number of millionaires has declined 39% from 2007.  Of note, that was when the republicans lost control of Congress.  The top 1% of the country has had a 15% drop in income over the past 4 years.   This is the same group that is still paying 38% o0f all the taxes in the US.  A number that is almost unchanged as a percentage fromwhat is was under Clinton, and even after the purported Bush tax cuts.  So there are fewer wealth=y people and the ones that are left are still picking up the same percentage of the overall taxes going to the government.

These are the folks that are not paying their “fair share”?

So earnings of the rich go down.  Unemployment and overall poverty of the rest of the country goes up?  Seems like the only share that has gone up in that time is the government’s.

Probably just a coincidence.


About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
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