Current Events — HabitableZone

Current Events » in reply to You can dance around it as much as you like.

Not a good day for statistics

The top 1% in America controlled, in 2001, 33.4% of the wealth, continuing a long-term trend toward concentration of wealth at the top. Interesting how the percentage of taxes paid matches pretty closely the percentage of wealth owned. Even though taxes are paid mostly on income, other studies show an absolute correlation between income and ability to accumulate wealth (almost a "duh").

So, why should I think that the rich are paying too much in taxes? Looks about right to me.

Log in or register to post.

The whole thread (57 posts)