The Rich are Getting Richer and the Poor, Poorer…’We Know!’


Occupy DC poster
A cardboard poster on display at Occupy D.C. Photo by Elizabeth Shell/PBS NewsHour.

Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Here are Tuesday’s queries:

A pair of Making Sen$e commenters today about two of our recent pieces:

Carol Boone asks: I just finished watching the piece about high-end and low-end retail. There seemed to be surprise expressed — that I don’t understand. We in the middle KNOW that the rich have become hugely richer and the poor and middle-class hugely poorer!

Paul Solman: Yes, we all presumably knew that. What I didn’t know was that middle-income companies like Liz Claiborne were repositioning themselves as high end just to stay in business.

Matthew Ryan asks: Hey Paul, I loved your segment about the history of marginal tax rates in this country. I would love to share it with some friends but can’t find the video for the life of me! Can you please tell me where I can access this video? Thanks, and please keep doing what you’re doing!

Paul Solman: Right here, Matt: “What Do Tax Rates’ Ups and Downs Mean for Economic Growth?”

A tip for any of you looking for one of our videos: Check out our new video archive page, where you can see all of our broadcast and web Making Sen$e videos on business and the economy. Otherwise, try Googling “Making Sense.” Our page is the first result you’ll get. Recent pieces are posted there. Or do what I do — and did in response to this very question. I Googled “Solman” and “top marginal tax rate.” The first result was a Making Sen$e post on the topic. The second was the video.

Editor’s Note: Got personal finance questions? Send them to us here or on NewsHour’s Facebook page — financial planner and New York Times blogger Carl Richards will answer them in an upcoming post.

This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions _Follow Paul on Twitter._