Reply #32: The top 5% pay a way lower proportion of their wealth in taxes than the [View All]

[AP]

proportion of wealth they control, and the higher you got up the income ladder, the more disproporionat theat relationship becomes.

In the last 12 years, the top 1% of Americans got 150% wealthier, while their tax burden dropped by 50%. (That's from memory.) For everyone else, the tax burden has remaine the same or increased. That's why we're having so many problems today with this economy. We have as much wealth disparty today than America had just before the Great Depression, and those two facts are very causally connected.