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Distribution of Wealth 
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Post Distribution of Wealth
.
.
The poor and the middle-class are being economically mugged.
Next Melania will be telling us to eat cake, and we'll be singing:

Soon the Gypsy Queen
In a glaze of Vaseline
Will perform on guillotine
What a scene! What a scene

— ELP

nytimes.com/2019/07/20/opinion/sunday/i ... e=Homepage

Here is the study the Times editorial is based on. itep.org/wp-content/uploads/whopays-ITE ... P-2018.pdf

And here is the problem:

"Low-income households in Illinois pay about 14 cents in state and local taxes from every dollar of income, while the state’s most affluent households pay about 7 cents per dollar.

That gap between the poor and the wealthy in Illinois is one of the largest in any state, but the poor pay taxes at higher rates in 45 of the 50 states, according to a 2018 study by the Institute on Taxation and Economic Policy.

It’s a bipartisan phenomenon. The institute’s list of the 10 states with the most regressive tax systems — the states doing the most to increase inequality through taxation — also includes conservative Tennessee and Texas, purple Nevada and Florida, and liberal Washington."
— NY Times

That's all I'm saying.


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Sun Jul 21, 2019 8:59 am
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Post Re: Distribution of Wealth
It's probably true to say that the USA will never apply Marxist economic analysis to its budgetary requirements, I would think.



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Litwitlou
Sun Jul 21, 2019 10:25 am
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Post Re: Distribution of Wealth
vizitelly wrote:
It's probably true to say that the USA will never apply Marxist economic analysis to its budgetary requirements, I would think.


Let's hope not. My family and I have already fled one Marxist-Leninist regime.


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Sun Jul 21, 2019 4:24 pm
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