Tuesday, July 31, 2012

Walmart heirs own more wealth than bottom 40 percent of Americans

PolitiFact | Bernie Sanders says Walmart heirs own more wealth than bottom 40 percent of Americans:

As noted in an earlier post, societies with disproportionate wealth distributions, as is now the case in the United States, are subject to social instability and occasional revolution.  Tax policies that result in a handful of families with more wealth than over 100 million families violates any sense of fairness and common sense.  Yet, a segment of the radical right believes that tax policies that favor the wealthy will lead to more wealth for everyone.  Never mind that that hasn't worked the last two times it was tried.  Common Sense thinks that policy needs to support the poor and grow the middle class not make the wealthy wealthier.  That's just common sense if you want a healthy society.
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