Re:Why the (US) Rich Are Getting Richer
by BarkMore on Tuesday January 11, 2011 @05:06PM
(#2093767)
Yes, it's feeble. The article does not connect some of the trends it discusses to the problem of income inequity.
For example, there's no discussion of how increased taxes will fix income inequity nor is it obvious why it will. Gates, Buffet and other superrich got to where they are through long term capital appreciation. Increasing taxes will have an impact on them, but they will still be superrich.
For example, there's no discussion of how increased taxes will fix income inequity nor is it obvious why it will. Gates, Buffet and other superrich got to where they are through long term capital appreciation. Increasing taxes will have an impact on them, but they will still be superrich.