Saturday, November 24, 2012

$380,000/year = The 1%

Who's the 1%? It's probably not you or anyone you know.  This if from Cenk Uygur of The Young Turks.  He's a bit annoying, but makes good points. 2:00-2:45 is when he really hits on how most of the 1% aren't taxed around the 30% rate most people are.  Instead they're taxed around 15% because of the different ways they can claim their money.

Here's an article on how we got to this point of wealth/income inequality. Big surprise, both republicans and democrats are [almost] equally guilty.

Global Wealth Inequality by Nation:

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