‘The Big Con’
The ground has shifted very far under our feet, and its manifestations are everywhere. In 1979, the highest-earning one-tenth of 1 percent of all taxpayers-the richest of the rich-took home only 3 percent of the national income. Today they take home 10 percent. And over that same span, their average tax rate has dropped from 32 to 23 percent. The minimum wage has lost nearly half its purchasing power.