Tuesday, September 20, 2011

Class War Tuesday

Krugman on the right wing fury over "class war" rhetoric:
some notes on the actual class war that has taken place over the past 30 years — namely class warfare for the rich against the middle class.
1. Major tax cuts for high-income Americans, much larger as a percentage of income than for the middle class; CBO data here.
2. Decline in real minimum wage.
3. Union-busting, aided and abetted by federal policy.
4. Financial deregulation, which has fed inequality because very high incomes come disproportionately from that sector.

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