Yet the tax burden on Americas rich is falling,not growing. (50) There was an economic theory holding that the rich spending more would benefit everyone as a whole.But clearly that theory has not worked in reality.
A Nobody is poor in the US.
B The top 0.01 per cent of households has seen its tax bite fall by a full 25 percentage points since 1980.
C For upper class families they have risen 41 per cent.
D Now it is 9.8 times.
E As it does so,the possibility to cross that gap gets smaller and smaller.
F All one has to do is to work hard and climb the ladder towards the top.
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