Point of View # 61

Heads or Tails, The Wealthy Win The Debt Coin Toss

1. Total effective tax rates include:  income, capital gains, payroll, corporate and property taxes

2. Taxes on the wealthy

3. The US budget deficit

4. US debt & what it costs

5. Who holds US debt

6. The wealthy shift from paying taxes to collecting interest

7. Household debt

8. Credit card interest rate

9. Since 1970's US real wages have stagnated

10. Household debt increase

11. The effect of wage stagnation on wealth

12. From wages to debt

13. US stock ownership