Pssssst Southern Chester County PA and New Castle Co. DE - your McMansions that you love and that you destroyed many a farm field to build are now going the way of the dodo.
And all the Teabag Parties in the world ain't gonna save them!
Showing posts with label wealth distribution.economy. Show all posts
Showing posts with label wealth distribution.economy. Show all posts
Friday, August 20, 2010
Monday, August 9, 2010
Unbalanced economy and taxing the rich.
Dealing with problems from the way use energy (emissions causing global warming, over dependence on a single substance -oil- that is hitting supply limits) requires not only a functioning higher education system, but a stable economy and a fair distribution of the tax burden.
Today the Wall Street Journal of all sources discussed how destabilizing modern American wealth distribution is. Meanwhile, over at FiveThirtyEight Nate Silver does what he does best, a statistical analysis of how much needed revenue a tax increase on incomes over $1 million would raise. It is useful to compare the tax rates and brackets in the past when we hear the screams from the wealthy that they are being taxed to death.
Think about the worst cases of this scenario in the past, such as France in 1788 and Russia in 1917. We're nowhere near that yet, but those societies didn't start out that way. Maybe the wealthy should think about a little civic contribution now, 'cause it works out badly for them otherwise if we stay in this slash and burn economy.
Today the Wall Street Journal of all sources discussed how destabilizing modern American wealth distribution is. Meanwhile, over at FiveThirtyEight Nate Silver does what he does best, a statistical analysis of how much needed revenue a tax increase on incomes over $1 million would raise. It is useful to compare the tax rates and brackets in the past when we hear the screams from the wealthy that they are being taxed to death.
Think about the worst cases of this scenario in the past, such as France in 1788 and Russia in 1917. We're nowhere near that yet, but those societies didn't start out that way. Maybe the wealthy should think about a little civic contribution now, 'cause it works out badly for them otherwise if we stay in this slash and burn economy.
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