Tag Archives: wealth

The Bottom 90 Percent: Poorer Today Than They Were In 1987

The Bottom 90 Percent: Poorer Today Than They Were In 1987
The Federal Reserve has already told us that the median households is worth less now than it was in 1989 — that’s the household right in the middle — it turns out that everybody but the richest 10 percent of Americans are worst off. That includes the poor, the entire middle class, and even what we would consider much of the upper class. You can see this troubling finding in the chart above, based on data from Emmanuel Saez ... Read more

Rich People’s Taxes Have Little to Do with Job Creation

Conservative Arguments that Higher Income Taxes for the Wealthy Hurt Employment Don’t Hold Up to Scrutiny By Michael Linden Center for American Progress, June 27, 2011 Last week we pointed out that even though conservatives seem obsessed with the top income tax rate, overall economic growth was actually stronger during periods of higher tax rates. But maybe we missed the point. Maybe what conservatives are really concerned about is job ... Read more