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April 9, 2012The Real Causes of Income Inequality: Any analysis of taxes paid in high tax-and-spend countries shows that the U.S. has the most progressive income tax system in the worldIn the stagnant days of the Carter administration, when inflation was approaching 13.5% and interest rates were peaking at 21.5%, income was more evenly distributed than in any period in 20th-century America. Since the days of that equality in misery, the measured income of the top 1% of income tax filers has risen over three and a half times as fast as the income of the population as a whole.Posted by Jim Zellmer at April 9, 2012 1:02 AM Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas Comments
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