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| Pie chart of the percentage distribution of 2+ income households in the United States (Photo credit: Wikipedia) |
"At the first level, it makes no sense due to what it ultimately costs the wealthy in terms of the fortunes they amass. By 2008 the income of the wealthiest had declined during the economic disaster caused by the policies of the political ideologues whom they support, the Republicans. Their income declined by an amount approximating the income level of those whose earnings are in the top 5% - 10%. They not only lost that income, but the basis upon which their principal source of income is earned, investment, for the duration of the economic downturn. As long as they believe that the turn their fortunes took will be temporary, that their earnings will recover and continue to rise, and they have no expectation of the second level of consequence for their audacity in waging class warfare, the wealthy are not likely to change their behavior."
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