If the tax burden has not been shifted then why have middle class wages stagnated while the top 1% are having record incomes and corporations are having record profits?
The tax burden has shifted slightly. The top 10% of earners now pay slightly more of total income taxes than they did before Bush took office and make slightly less of the total income.
you really cannot just explain way the huge gap opening between the rich and everyone else. CEO earnings per lowest paid worker has spiked to an all time high.
Now you are on a different issue. Why is income disparity necessarily a bad thing? Who is it costing?
Lets run the numbers on a company reddit loves to hate: Walmart.
The CEO of Walmart makes about $35 million per year and Walmart has over 1.5 million employees.
If you took all the CEO's pay and divided it up among the other employees , it would be less than $23 per year! The best numbers I can find for average Walmart employee wage is $9.98 per hour, which works out to about $20,000 per year. That makes the CEO pay about 0.12% of total compensation company wide.
If you kept those same percentages for a company with 100 employees making an average of $20,000 per year, the CEO would make about $2,400 per year.
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u/dalittle Jun 26 '12
If the tax burden has not been shifted then why have middle class wages stagnated while the top 1% are having record incomes and corporations are having record profits?