How government policies worsen the nation’s income and wealth disparities comes into sharp focus in a new government report on capital gains. The short story: Investing is gaining and work declining as sources of income.
Capital gains come from selling assets such as stocks, real estate and businesses. Property owned for more than a year is taxed at lower rates than wages and in some cases is tax-free.
Although capital gains are growing — an indication that national wealth is growing — far fewer capital gains are going to the vast majority, while those at the absolute top of the economy are enjoying vastly more. This trend, as well as other official data, suggests that wealth is piling up at the top and that a narrowing number of Americans are wealth holders.
What do you mean there’s no such place as Further South Dakota?! [Update: Turns out Americans aren’t so great at Europe either.]
MANDY MANDY MANDY LOOK
I FOUND FOUNDING FATHER SLASH
Jefferson/Hamilton, Jefferson/Adams…and more
WHAT WHY I DON’T UNDERSTAND
Deep Fried Cheeseburger On-A-Stick
(submitted by Cam)
IT’S OFFICIALLY INDEPENDENCE DAY ON THE EAST COAST.
HAPPY JULY 4TH, LET FREEDOM RING, BLOW UP FIREWORKS, EAT SOME PIE, BE INDEPENDENT, HAVE A BBQ, AND GOD BLESS AMERICA.
this country, seriously
why cant americans just use celsius it’s so much easier to spell than feiehreirheineiheit
do you mean degrees of FREEDOM
A fried dollar
this is the most american thing i’ve ever seen
oh my god
OH MY GOD A;DJKLSF;LADJKSF
the sounds i made
i think i almost pulled alex’s laugh
but i know i will never reach that level
how much is that in real money
im sorry but in AMERICA we pay in MONEY not HAIR COMBS
I love this meme