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As a member of the middle class from Washington County struggling to get through this recession, I have the following question for Mr. Dudley:
Real wages have been stagnant and income inequality has been rising since the 1970's. We recently heard on OPB that the top 20% hold 85% of the wealth (property, savings, investments, etc.) and the bottom 40% hold 0% of the wealth (with many in deep debt). Wealth has been similarly stagnant, even though most Americans would like it more evenly distributed. The recession ended in June 2009 and the economy has been expanding since then, but unemployment has been steadily high. Which of these facts troubles you, and what would your tax and other economic policies do about them?
posted 2 years, 7 months ago
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