The pay roll tax coupled with the rest of the prez failures to turn the economy around has hurt consumers, especially the lower income folks.In the decades since the mid-seventies—you could call it the Reagan Republic, but I prefer the “Unwinding”—the social contract has frayed to the point of disintegration. The middle class has shrunk; tax rates (especially on upper brackets) have plunged; inequality has exploded; the safety net (especially for the poor) has weakened; the old power structure has given way to a more diverse and broad-based upper class based on education; bipartisanship—well, you know; and business culture has become entrepreneurial, fast, risk-taking, and harsh. The trade-off: more freedom, less security. ..... Read more: http://www.newyorker.com/online/blogs/comment/2013/02/apple-...
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