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Octafish

(55,745 posts)
4. Been trying to tell Noam that it's been that way since Nov. 22, 1963.
Tue Mar 12, 2013, 07:39 PM
Mar 2013

Government of the .01-percent, by the .01-percent and for the .01-percent.

What Krugman said:

Who s Very Important?

EXCERPT...

The first thing you need to know is that America wasn’t always like this. When John F. Kennedy was elected president, the top 0.01 percent was only about a quarter as rich compared with the typical family as it is now — and members of that class paid much higher taxes than they do today. Yet somehow we managed to have a dynamic, innovative economy that was the envy of the world. The superrich may imagine that their wealth makes the world go round, but history says otherwise.

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