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92Y: Bill Gates: A Conversation with My Father

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92Y: Politics and World Events

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Posted: 05.04.11, 10:58 AM
In 1979, the top 1% got 9% of GDP. Last year the top 1% took 23.5% of our GDP! Forbes' 400 Americans' combined wealth is now MORE than the combined wealth of 50% of Americans - PolitiFact. Corporations paid an average 6.6% income tax, and many, like G.E., paid NO federal taxes last year, even though they made $14+ billion! Then in 2010 American CEO's gave themselves an average 27% raise! Welcome to our new American "Corporate Plutocracy!" Yes, GOP/Tea Party, please cut taxes on the rich again??
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