One Percenters Enjoy Unprecedented Protection | WHAT REALLY HAPPENED

One Percenters Enjoy Unprecedented Protection

Here's a truism: The wealthiest 1 percent have never had it so good .
According to government figures, 1 percenters' share of America's total income is the highest it's been since 1929, and their tax rates are the lowest they've faced in two decades.
With 22,000 Americans dying each year because they lack health insurance, Congress is considering universal health-care legislation financed by a surcharge on income above $280,000 - that is, a levy almost exclusively on 1 percenters. This surtax would graze just 5 percent of small businesses and would recoup only part of the $700 billion the 1 percenters received from the Bush tax cuts. In fact, it is so miniscule, those making $1 million annually would pay just $9,000 more in taxes every year - or nine-tenths of 1 percent of their 12-month haul.

Nonetheless, the 1 percenters have deployed an army to destroy the initiative.