We’ve been measuring inequality wrong – here’s the real story (nuance that the far right will spin)

[hfojvt]

2. I think that is a load of rot

the major message I got from it was that - taxes are high on the rich.

I don't buy it, and I don't even know how they measure it.

First, this line "a member of the top 1% only gets to spend 32 cents for ever dollar they earn".

I find that hard to believe, but it depends on what they mean by EARN.

Since dividends, interest, rent, and capital gains are not considered EARNED income, are they talking about those things? That's where the richer people get much of their income, and a) they pay no FICA taxes on that money and they pay lower income tax rates on them than people who work for wages. Dividends and capital gains are only taxed at 20%, not at the top rate for income.

And the state and local taxes are regressive in ALL 50 states. Many times the top 1% pays an average rate about 1/3 of somebody in the bottom 20%.