Here’s a couple of interesting items, which I shamelessly lifted from the Too Much Web site. Perhaps you’ll find them interesting, too.
Stat of the Week:
How could U.S. income inequality be undone? Larry Summers, Barack Obama's pick to lead the National Economic Council, has worked out the math. If every top 1 percent household — average income: $1.7 million — wrote a check for $800,000, and if all these checks were pooled together, then $10,000 could be sent to every U.S. household making under $120,000 — and Americans would be as economically equal, by income, as they were three decades ago.
“America’s wealthy have benefitted more than anyone else from the stability and safety provided by government, as well as the infrastructure and educated workforce and countless other public goods that make commerce possible. It is entirely fair to ask more from these families than we do from families who are struggling.”—Citizens for Tax Justice, Principles for Progressive Taxation During a Recession, December 2008
Ponder these while the U.S. economy continues its death spiral.