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Study: Top 1 percent in U.S. saw incomes rise 275 percent in just 28 years
The top 1 percent of earners in the United States saw their average household incomes grow a whopping 279 percent from 1979 to 2007, according to a Congressional Budget Office (CBO) study (PDF) published this week. For the lowest earners, what the CBO described as the poorest fifth of America,…
Author Naomi Wolf arrested outside Huffington Post awards ceremony
Feminist author Naomi Wolf was arrested last night outside the Huffington Post’s “Game Changers” awards ceremony as she marched with about 150 members of “Occupy Wall Street” to protest New York Gov. Andrew Cuomo’s (D) resistance to raising taxes on the wealthy. Cuomo, who was being honored by the AOL…
Poll: Huge majority of Americans support taxing the rich
As the U.S. Senate prepares to vote down legislation that would raise tax rates on the wealthiest Americans to pay for a jobs plan that most economists believe would stop the recession, a new poll has surfaced showing just how out of touch those Senators are with mainstream America. According…
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