Voodoo Econ Goin' Strong

Ending Income Inequality Requires Going After Capital Gains | The Contributor

Conservatives argue that by cutting taxes on the wealthy, money and wealth will "trickle down" to the middle and lower class in the form of jobs. A new study seems to confirm what we all have knows for years - tax cuts for the rich overwhelmingly benefit the rich.

Income inequality has risen for three decades and worsened since the recession ended. Last fall, the Congressional Budget Office found that incomes for the richest 1 percent soared 275 percent between 1979 and 2007. For the middle 60 percent of Americans, average incomes grew just under 40 percent...