The Truth About Robber Barons
The Truth About Robber Barons
Jun 25, 2014
hoover.org
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We are facing levels of inequality not seen since the Gilded Age of the robber barons, where the top one-tenth of one percent owns about as much wealth as the bottom 90 percent. The richest 400 billionaires pay lower taxes than everyone else. In my view, this obscene inequality in wealth and political power is not compatible with a democratic society. I am proud that Rep. Jimmy Gomez is leading three dozen members of the House in introducing the For The 99.8% Act to tax today’s dynasty trusts an
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We are facing levels of inequality not seen since the Gilded Age of the robber barons, where the top one-tenth of one percent owns about as much wealth as the bottom 90 percent. The richest 400 billionaires pay lower taxes than everyone else. In my view, this obscene inequality in wealth and political power is not compatible with a democratic society. I am proud that Rep. Jimmy Gomez is leading three dozen members of the House in introducing the For The 99.8% Act to tax today’s dynasty trusts an
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