Want to know what the GOP thinks of the Demcorats' "Buffett Rule", which would require those earning at least $1 million dollars a year (or more!) to pay at least a 30% tax rate so they can pay the same tax rate as their secretaries? Senate Republicans blocked debate on the measure, ensuring that it won't even come up for a vote. Thanks a lot, cloture!
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Results tagged “incomeinequality”
Senate Republicans Block "Buffett Rule" Debate, Protecting Fat Cats Once Again
Rich People Saw 11% Pay Raise, You Got $80 Bucks
The top 1% of earners in the United States—those who make at least $352K annually—earned 93% of the additional income created in 2010. While those folks saw an 11% increase in pay that year, the bottom 99% added just $80 to their annual income, which is barely enough for four liters of rye whiskey and a box of tissues.
Interactive Map: Are You A Member Of The 1%?
If there's one thing Americans love, besides cheese-filled sausages, it's boiling down their every trait and unique essence into a monetary figure that defines who they are. To that end, the New York Times has an nifty interactive map that tells you which "percent" you are both nationally and compared to other areas of the country. We'd be King of Danville!
Bankers, Billionaires "Going To Vomit" If They Keep Hearing This 1% "Crap"
It's easy to get caught up in the moment and forget about those who are hurting the most this holiday season: old, rich white men, who have suffered the slings of the 99% despite being responsible for all that is good in the world. Thankfully Bloomberg News was able to track down these noble creatures to find out what they think about the legions of Americans who believe in greater income equality. "Who gives a crap about some imbecile?" 82-year-old billionaire and co-founder of Home Depot, Bernard Marcus says. "Are you kidding me?"
Study: Rich, Poor Neighborhoods Growing, While Middle Class Fades
A recent article in the Atlantic on the shrinking of the middle class noted that over the past couple of decades there has "been the ever more distinct sorting of Americans into winners and losers." This is borne out by a new study [pdf] conducted by two Stanford professors that shows two types of neighborhoods growing: the affluent and the poor. Families living in middle class neighborhoods have dropped from 65% to 44% since 1970.
Billionaire Catsimatidis Unsure If He'll Run For Mayor, But Doesn't Want Someone Taxing The Rich
Gristede's billionaire John Catsimatidis has long been interested in being Mayor of New York, and recently he met with national GOP head, Reince Priebus, though not about local politics (maybe they were discussing the Nixons?). But he tells the Observer, "I've got mixed emotions about it now. Right now I am going to observe and see what is going on."
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