Posted 1 year ago on Nov. 27, 2012, 12:41 a.m. EST by jrhirsch
from Sun City, CA
This content is user submitted and not an official statement
The graph above shows all income sources, not just salaries, but also capital gains, dividends, and business income for the top one tenth of one percent (one out of a thousand individuals).
During the 50's, the top 0.1% made about 3 1/2% to 4% of total U.S. income. Today their share has tripled to 12%!
This next graph below shows the relationship between the level of union membership and the level of wealth for the top 10%. As union membership increases, the share of wealth for the lower 90% increases. As union membership decreases, wealth for the top 10% increases. It's obvious why there's been such a strong anti union sentiment pervading the media for the past few decades. Break the unions and double or triple your income, if you're at the top.
The last graph below shows the taxes paid by various income groups including capital gains, business income, etc. Again it's obvious that the wealthy are not just making enormous profits, but they are paying record low taxes on those profits as well!
There are a lot of trolls on this site defending the wealthy, telling us what an unfair share of taxes the rich pay, but even the trolls really don't understand that their fair share of income is also being funneled to the top just like the rest of us.