From Washington’s Blog – “Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer.”

“For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer.”