Red Mosquito

McParadigm wrote:

The triumph of the rich, which is one of the defining stories of our time, is generally described as largely the reflection of two factors. The first, of course, is the explosion of income among top earners, in which a tiny minority has vacuumed up a ballooning share of the gains from the past few decades of economic growth.

The second factor — which will be key to the 2020 presidential race — has been the hidden decline in the progressivity of the tax code at the top, in which the wealthiest earners have over those same decades seen their effective tax rates steadily fall.

Put those two factors together, and they tell a story about soaring U.S. inequality that is in some ways even more dramatic than each is on its own.

McParadigm wrote:Top 10% for life, bitches

McParadigm wrote:“I think these findings are purposefully misrepresentative of the rich” (posts data that omits a principle source of income for the rich)

Here are the results of this study of after-tax and transfer earnings, built on your government’s data:

McParadigm wrote:

bune wrote:

Yeah pretty much.

Saving this for five years from now when we’re back to debating the necessity of government-mandated oversight

The number of children ingesting rare-earth magnets — powerful tiny balls that are a popular desk toy and can shred a child’s intestines — has skyrocketed in the three years since courts blocked the efforts of federal regulators to force changes to the industry, which largely holds the power to regulate itself.

The nation’s poison control centers are on track to record six times more magnet ingestions — totaling nearly 1,600 cases — this year than in 2016, when a federal court first sided with industry to lift the Consumer Product Safety Commission’s four-year ban on the product. Medical researchers say the only explanation for the spike is the return of these unusually strong magnets to the market after the court ruling.

durdencommatyler wrote:Don Imus died

Bi_3 wrote:

durdencommatyler wrote:Don Imus died

Lots of sad uncles at dinner tables tonight

tragabigzanda wrote:Pretty sure he died like 30 years ago and they just propped his corpse up to the microphone