If this is class warfare, we're losing!

• "from 1980 to 2005, more than 80 percent of [the] total increase in Americans' income went to the top 1 percent"¹
• "income distribution in the United States is more unequal than in Guyana, Nicaragua, and Venezuela, and roughly on par with Uruguay, Argentina, and Ecuador"¹
• "the path of income inequality over the twentieth century is marked by two main events: a sharp fall in inequality around the outbreak of World War II and an extended rise in inequality that began in the mid-1970s and accelerated in the 1980s [emphasis added]"²
• "Income inequality today is about as large as it was in the 1920s"²

Elizabeth Warren explains in clear and simple terms why taxing the rich at higher rates is not class warfare.(at :50)³

Meanwhile, Republican John Fleming of L.A. explains how hard it is to get by when he ends up with only $400,000 of the $6 million his businesses gross each year to invest in more businesses.⁴

And there's this chart that I posted last week showing that most people believe that income is distributed more equally than it actually is, and want a far more equal distribution.

Sources:

1. Paul Krugman in Slate
2. The Library of Economics and Freedom
3. thedailywh.at
4. ThinkProgress