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The Great Switch by the Super Rich: How Wealthy Americans Started Paying So Little in Taxes

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Post by gettheminNOVEMBER Sat May 21, 2011 9:00 pm

http://www.alternet.org/economy/150995/the_great_switch_by_the_super_rich:_how_wealthy_americans_started_paying_so_little_in_taxes/

Forty years ago, wealthy Americans financed the U.S. government mainly through their tax payments. Today wealthy Americans finance the government mainly by lending it money. While foreigners own most of our national debt, over 40 percent is owned by Americans – mostly the very wealthy.

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