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In Response to Re: The Rich Get Richer, and the rest.....:
Pretty much expected. As article states, some part of their 'income' is the markets. Markets are at lofty levels, and unlike so many much-lower-class people had to do, they were able to hold onto their investments (rather than being forced to sell them), and ride the investments back up to record levels. Can't fault the on that. But having ridiculous salaries for upper management is an issue that will apparently, never be addressed. So, the inequality of income in the U.S. will march ever higher.
Posted by retiredtraveler
If we can get the Regressives OUT of Congress this can be fixed. We had it fixed from WWII until 1965, and mostly fixed from 1965 until 1982. During that period, executive salaries were about 20 times what the worker in the company made and not a single Uberrich quit because of "inadequate compensation". In fact they lived VERY well, and put up with annual audits by the IRS as a reasonable price for making so much money. Investment income (capital gains) were taxed at 35% or more and there was no huge sell-off of stocks and bonds - In short, we KNOW how to solve the problem - restore the tax brackets Reagan eliminated and reestablish revenue sharing so the States don't have to play "Begger-thy-neighbor" to attract jobs at ever-lower pay for the workers and ever-greater profits for the Uberrich.