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Comments on: Tax the rich? They’re already becoming extinct.
https://norunnyeggs.com/2011/08/tax-the-rich-theyre-already-becoming-extinct/
The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.Wed, 31 Aug 2011 21:25:24 +0000
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By: J. Strupp
https://norunnyeggs.com/2011/08/tax-the-rich-theyre-already-becoming-extinct/comment-page-1/#comment-39694
Wed, 31 Aug 2011 21:25:24 +0000https://norunnyeggs.com/?p=11117#comment-396942009 statistics. It’s a one off following the financial crisis. Bet you $100 that these numbers rebound heavily from 2009 in 2010 and again in 2011 and continue along their recent trend (which was parabolic until the financal crisis).
Fact is, income growth among this decile has exploded in the last 30 years and left growth in every other income level in the dust. 2009 was an exception to a long term trend.
Bottom line: The favorable tax and regulatory laws that ultra rich people have paid other ultra rich people to create remain intact.