Tag Archives: Soak The Very

Aug. 16, 2010 The New Yorker

OnĀ Aug. 16, 2010 The New Yorker’s James Surowiecki wrote “Soak The Very, Very Rich” about ending the Bush tax cut. Only three percent of Americans make over $250,000 and they would barely notice a slight tax increase. During the Bush Administration, the top one percent saw income grow ten percent versus the bottom ninety-nine percent who only saw income grow only 1.3 percent. French economist Thomas Pinketty says the very rich are becoming the very very rich. This disparity was last seen just before the Stock Market Crash of 1929 that led to the Great Depression. Taxing higher brackets would help governments help more people. The upper ten percent has to realize that if they do not act, they may become the 99 percent and not the one percent.

Joan Acocella wrote “Queen Of Crime” about British mystery writer Agatha Christie.

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