Income disparity, greed of the wealthy increases

In brief

November 26, 2011

Forbes Magazine reports that 50 percent of all capital gains currently goes to just 0.1 percent of the population in the United States. As the economic disparity in the U.S. continues to widen, the ultra-wealthy capitalists' share of the wealth grows by leaps and bounds. While politicians serving the 1 percent claim that no money is available for maintaining and expanding social programs, they have repeatedly lowered the capital gains tax rate.

In 1978, the capital gains tax stood at 35 percent and then was lowered to 28 percent. The capitalists’ friends in government continued to slash the capital gains tax until under George W Bush, it was lowered to just 15 percent. In a time when states are unable to pay for education, health care and basic services, the excess and greed of the 1 percent is truly despicable. Join us in the fight against greed and economic disparity. Join us in the fight for socialism.

Content may be reprinted with credit to LiberationNews.org.

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