According to the Center on Budget and Policy Priorities, the 30 years following World War II were a time of broadly shared prosperity. Income for the bottom 90 percent of American households roughly kept pace with economic growth.
Since 1976, however, the wealthiest Americans have vastly increased their share of the pie--at the expense of everyone else. During that same period the national debt has ballooned from a little over $1/2 trillion to $14 trillion.
The central question to be decided in 2012 is this: Should those who benefitted more from this problem, contribute more to its solution?
The central question to be decided in 2012 is this: Should those who benefitted more from this problem, contribute more to its solution?
