Having such a small percent _earn_ such a huge share is toxic.
Having such a small percent _earn_ such a huge share is toxic.
I don't see anything broken, other than a state government that taxes people too much for too little value in return. (Either add value, or tax lower).
Inequality is getting bigger and again reaching historic highs, if you don't see anything broken then your eyes are shut. The only thing that stopped the inequality which occurred around the great depression was WWII and entering into a pseudo-planned economy. So it's a problem that can correct itself, but the outcomes aren't always welcome... or peaceful.
These studies also leave out all of the good jobs created by the 1% and the massive amount of taxes going back into the state from these employees.
If you counted this, they are responsible for nearly all of the taxes.