The Conspiracy to Keep You Poor and Stupid has a piece up on what is happening to the income of those damn rich folks. Turns out the Recession has hit the rich very hard with upper brackets taking over 50% cuts in income. Meanwhile normal people like the rest of us making under six figures have maintained or gained income. So the poor are getting richer (or staying the same) and the rich have gotten a lot poorer. But you won't see or hear this on the news of course.
In a similar related story, top income earners are also paying most of the taxes collected in this country.
Both these link came from the quick links bar on QandO. Unfortunately this means they will disappear shortly. I put the links here for my benefit. This way I can use the blogger search function to find them again instead of having to wade through bookmarks or google the entire internet.
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