World-News

Bill Quigley, Truthout: 'The rich have been getting richer and the poor and the middle class 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 ProPublica. But today, 115 of the big 500 companies listed on Standard and Poors stock index paid federal and other taxes of less than 20 percent over the last five years, according to David Leonhardt of The New York Times.'

http://www.truthout.org/robin-hood-reverse-us-seven-examples



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