Saturday, August 15, 2009

GREED AT THE VERY TOP

HuffPo reports on an updated study that shows income inequality increased dramatically during the Bush years:
Saez calculates that in 2007 the top .01 percent of American earners took home 6 percent of total U.S. wages, a figure that has nearly doubled since 2000.

But that's not enough for some of them. They have to evade taxes:
U.S. Builds Crime Cases on Clients of UBS
By LYNNLEY BROWNING
Published: August 13, 2009
NY Times

Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation into tax evasion, a person briefed on the matter said Thursday.

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