Great letter about re-unionizing our country;
The real incomes of middle-class families are lower at the end of the Bush administration’s final term than they were when it started. In the past few years, $400 billion of pre-tax income flowed from the bottom 95 percent of wage earners to the top 5 percent, an average loss of $3,660 per household in the bottom 95 percent.
Bush’s tax cuts in 2008 had no effect on low-income families and lowered the tax liabilities of middle-income families by about $1,000, but they gave tax cuts of more than $50,000 to families in the top 1 percent. The top 1 percent of wage earners now earns 23 percent of the total income in this nation. By 2004 the wealthiest 1 percent of all households controlled a larger share of national wealth than the bottom 90 percent.