March 01, 2011 07:20 PM UTC

Who has all the money?

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• by: MADCO

http://www.people.hbs.edu/mnor…

I’ll add to this, but this picture (s) tells a big story.

I believe in equal opportunity.  I accept unequal outcomes.

What I don’t accept is the argument that it’s immoral or wrong to tax income.  I believe in a progressive income tax.  I don’t think the top rate should be 90% +, but I have no aversion to the bottom of the pile paying no income tax.  

We pay sales tax, and social security and medicare and other payroll taxes. We pay registration fees and gas taxes and energy taxes.

I think the census data will allow a similar picture to be done for Colorado.  Or perhaps there is another source.

To be continued