Sunday, November 13, 2011

Cenk Uygur: Slashed Investment Income Taxes Widened Income Inequality

Following a report by the non-partisan Congressional Budget Office documenting rising income inequality, Cenk Uygur of the Young Turks analyzes how the top one percent more than doubled their income by manipulating the tax code. Uygur cites the slashing of taxes on investment income, i.e., capital gains and dividends. The top one percent, some of whom we're familiar with, also invested in politicians who furthered such policies. Watch:

No comments: