How To Avoid Raising Taxes on the Middle Class or Cutting Programs the Middle and Poor Depend On

robertreich.org — The richest 1 percent now own more than 35 percent of all of the nation’s household wealth, and 38 percent of the nation’s financial assets – including stocks and pension-fund. Think about this: The richest 400 Americans have more wealth than the bottom 150 million of us put together. The 6 Walmart heirs have more wealth than bottom 33 million American families combined. So why are we even contemplating cutting programs the middle class and poor depend on, and raising their taxes? We should tax the vast accumulations of wealth now in the hands of a relative few.

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