Much of the explanation for rising income inequality lies in wage stagnation, rising pay at the top of the income scale, and preferential tax rates for the wealthy. Pay for chief executives rose 127 times faster than worker pay over the last 30 years, according to one recent study. At the same time, tax rates for the richest Americans have plummeted, leaving the country with more inequality than places like Ivory Coast, Pakistan, and even Ancient Rome.
Posted on: Tue, 23 Jul 2013 23:41:45 +0000
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