Monday, January 16, 2012

NYT: Who is the One Percent?

Just who makes up the One Percent?   What are their hopes and fears, their dreams and failings, their favorite sports teams?   .... Do we care?  No -- just tax the hell out of 'em!

Seriously though, I suppose regional cost of living differences do matter.  So we could easily take the upper East/West Coast bound of, say, over $1 million income per household, and raise taxes on them to post-WWII levels.  

(We are still paying for two long-term wars, by the way, don't forget!  The post-WWII/post-Depression era comparison is totally appropriate.)

By Shaila Dewan and Robert Gebeloff 
January 14, 2012 | New York Times

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