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Definitely not hacker news. If we were on reddit, I would also mention that the percentage of GDP captured by the top 1% is also at a high not matched since ri
by khafra 17y ago
Definitely not hacker news. If we were on reddit, I would also mention that the percentage of GDP captured by the top 1% is also at a high not matched since right before the Great Depression: http://www.visualizingeconomics.com/2007/04/04/nytimes-income-gap-is-widening-data-shows/ http://www.visualizingeconomics.com/2007/04/04/nytimes-incom...
...and that the increase in tax paid by the top 1% tracks almost perfectly the increase in their percentage of the total income: http://economix.blogs.nytimes.com/2009/07/30/top-1-paid-more-in-federal-income-taxes-than-bottom-95-in-07/ http://economix.blogs.nytimes.com/2009/07/30/top-1-paid-more...
- cwan 17y agoI think the title (and advocacy group) is presenting the issue provocatively but taxes affect startups - it certainly creates incentives or disincentives for them. Entrepreneurship is at the heart of income mobility. (http://www.scribd.com/doc/17772299/Anatomy-of-an-Entrepreneur http://www.scribd.com/doc/17772299/Anatomy-of-an-Entrepreneu...). With increased calls for the wealthy and companies to pay increased taxes this is an issue that directly affects startups.