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Thursday, August 26, 2004

There are many reports about The Rich getting Richer, with the wealthiest 20% accounting for 50% of U.S. income, Census shows, however many fail to account or mention that this may be a good sign. (A bad sign would be a massive, bloody redistribution of wealth associated with a revolution) Imagine, if everyone got a 10% raise, that would mean the income gap would widen, because those who make more would get a bigger raise. That's what is happening here, most everyone is getting richer. The other thing they fail to mention, (the good old 80/20 rule) is that the wealthiest 20% now pay OVER 82% of all taxes. This is an increase from 78% during the Clinton years.

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