Yes The Middle Class is Shrinking, But Why is That Bad?

Yes, it's true that the percentage of households earning "middle class incomes ($50-100,000) is declining. But it's declining because those earning more than that amount have been increasing so rapidly.  If you listen to politicians and the media they seem to think that's something to be alarmed about. Why?

The Rich Pay Everyone's Taxes

The Rich don't pay their fair share share of taxes. They pay everyone's taxes.

Chart courtesy of Mark Perry