Page 9 - Thomas Hungerford News Today : Breaking News, Live Updates & Top Stories | Vimarsana

show. here on this program, we ve spent years talking about the exploding income inequality in this country. i ve shown you this vulture chart. numerous times on the program. which shows how income for the top 1% gone through the roof while average americans have been getting screwed. look at that blue line. that s where they ve been. we ve talked about how this has threatened the middle class and disposable income in this country. we have witnessed the 2012 election really become a showdown between the 47% and the 1%. there s a new study from thomas hungerford, an analyst with the congressional research service. he points to the culprit in all of this. hungerford, the capital gains he found is the capital gains tax cuts is by far the biggest driver of income inequality. and look at that. the vulture chart. that s right. the vulture chart shows the top 1% s income has been doing nothing but increasing. this shows where the money is coming from. most americans depend on wages

Exploding income inequalityVulture chartDisposable incomeBlue lineCapital gainsHoward finemanCapital gains tax cutsThomas hungerfordCongressional research serviceIncome inequality