Average Income (After taxes, including public

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Average Income (After taxes, including public and private benefits; 2007 dollars)

Declining Progressivity at the Top

“In all cases where justice or the general good might require new laws to be passed, or active measures to be pursued, the fundamental principle of free government would be reversed. It would be no longer the majority that would rule: the power would be transferred to the minority.” —James Madison, Federalist #58

http://www. leedrutman http://www.leedrutman.com/uploads/2/3/0/1/2301208/explaining_the_growth_of_corporate_political_activity.pdf

Top 1 Percent’s Share of National Income (Excluding Capital Gains)