"The more taxes you roll into the calculation, the less the 1% pay as a total share of all taxes."
There was an analysis done a number of years back that showed that all Americans pay approximately 22% taxes when income, payroll, sales, gas, property and other taxes are taken into account.
The Pedo47 Big Bullshit Bill lowered that for the 1% who now pay less than the middle class.
Rather, we have to raise the minimum wage to Eisenhower levels (about $23.50 an hour today).
For minimum wage to have the same purchasing power as 1970 it would need to be $121 per hour.
The top 1% control 1/3 of the nation's wealth
46% of Americans hold zero retirement savings, and only 53% of private-industry workers participate in any employer-sponsored plan.
Average 401(k) balances like $267,900 for Baby Boomers exclude the roughly half of workers with no account at all.
The personal savings rate fell to 3.7% in Q1 2026, while 37% of workers have already raided their retirement accounts early.
The new golden age is working out great for the 1%.
Patrick De Haan
@GasBuddyGuy
57m
Just in: California and Colorado have both set new all-time records for highest diesel price: $8.44/gal for CA, $6.48/gal for CO. 48 states have set a new all-time record price for diesel in 2026. The only 2 that haven't yet: Rhode Island and Massachusetts
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The disgusting orange chomo did that.