Mother Jones has a set of eight charts which show the tremendous increase in income inequality in this country. Years of Republican policies designed to redistribute the wealth towards the top one percent have worked. The richest ten percent of Americans control two-thirds of its wealth. When polled, most Americans greatly underestimate the degree of income inequality, and think there should be even less:
With all the talk about tax rates, the rich are now being taxed at lower rates than when Ronald Reagan was president. That would continue to be true even if the Bush tax cuts (a major cause of the current deficit) were repealed:
Check out the full post for more charts and links to their sources.
