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Saturday, March 05, 2011

#818 Tax Disparity? You tell me.

Income gaps in the workplace have become increasingly outrageous, as seen in the growing gap between worker pay and CEO pay. We can demonstrate it with a pile of chocolate. Give one piece of chocolate to your worker stand-in and 44 pieces to your CEO stand-in. That was the 1980 ratio of average full-time worker pay to average pay among CEOs in Business Week's survey of major corporations. For the equivalent 2004 ratio, give one piece of chocolate to the worker and 362 to the CEO.

As the Center on Budget and Policy Priorities reports, federal policy is contributing "''to a further widening of income disparities between the most affluent households and other Americans.'"Households with incomes over $1 million will receive an average tax cut of $103,000 this year -- an increase of 5.4 percent in their after-tax income.
The congressional majority is done crying crocodile tears over Katrina and the shameful inequality it exposed.

They're working overtime to stiff the have-nots with more budget cuts so they can keep stuffing the pockets of the haves with more tax cuts. The budget knife is dropping on Medicaid, education, child care, food assistance and more -- even public health, despite loud warnings we are unprepared for bird flu and other threats.

Tell your senators and members of Congress what you think about their priorities, and make your voice count when you vote next November."

(Borrowed from Rob Whitman) Too important to keep to oneself.



Peter said...

It sure doesn't pay to be a have not especially if you like chocolate!!!

Merle said...

Hi Jack ~~ Those CEOs are all paid too much and the difference gets bigger all the time.
I am so glad you enjoyed my post about the Bears and the jokes. Thanks for your kind words about my feeling much better. Take care, my friend, Regards, Merle.

Merle said...

Hi Jack ~~ There is too big a difference between haves and have nots. I am sure the big guys are overpaid for what they do. and they keep trying to get more from the poorer people.Thank you for your comment "Thanks" Take care my friend, Best wishes, Merle.