Sam Pizzigati: Confronting the corporate greed grab
In America today, The New York Times reports, we’re living in “a golden age” — for corporate profits. These earnings have been soaring at a 20 percent annual clip. In fact, to find a year when corporations were grabbing as great a share of America’s income as they’re grabbing now, you have to go back to 1950.
But corporate execs in 1950 had cause to mute their celebration. Unlike execs today, they paid heavy taxes on both their corporate and individual earnings.
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