AlterNet Working

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The common response to this kind of blather is to point out that conservatives like Bachmann are absolutely in love with policies that redistribute wealth, as long as they shift it from working people upward to the investor class. Whether we’re talking about trade policy, labor rules that make it difficult for workers to organize or shifting the tax burden from corporations to the backs of American families, the results of the right’s long class war from above are plain to see.


The top 1 percent takes in more than twice the share of national income today than they did 30 years ago. Paul Buchheit, a professor with City Colleges of Chicago, crunched some numbers using IRS data and found that “if middle- and upper-middle-class families had maintained the same share of American productivity that they held in 1980, they would be making an average of $12,500 more per year.” At the same time, top earners pay far less in taxes than they did when Ronald Reagan was in office.

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