Monday, 14 March 2011

We're not broke

I rescind my previous comment about no American commentators talking about raising taxes. E.J. Dionne did it today in The Washington Post.
As Sen. Al Franken (D-Minn.) pointed out in a little-noticed but powerful speech on the economy in December, “during the past 20 years, 56 percent of all income growth went to the top 1 percent of households. Even more unbelievably, a third of all income growth went to just the top one-tenth of 1 percent.” Some people are definitely not broke, yet we can’t even think about raising their taxes.

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