Robin Hood alive and well in the USA

The facts are truly staggering......and most Americans, lovers of adventures a la Robin Hood and his Merry Men, won't be pleased to read that good ol' Robin is alive and well in the US of A.

"The rich have been getting richer and the poor and the middle class have been getting poorer in the US recently. Here are seven examples that show how the US is going through "Robin Hood in Reverse."

Between 1948 and 1979, the richest 10 percent of families in the US claimed 33 percent of average income growth. Between 2000 and 2007, the richest 10 percent claimed a full 100 percent of average income growth in the US, according to the Economic Policy Institute.

Business taxes were cut from 46 to 34 percent 25 years ago, according to ProPublica. But today, 115 of the big 500 companies listed on Standard and Poor's stock index paid federal and other taxes of less than 20 percent over the last five years, according to David Leonhardt of The New York Times.

General Electric's tax rate for last year was seven percent, according to ProPublica.

The top five percent of US households claim 63 percent of the entire country's wealth. The bottom 80 percent hold just 13 percent of the growth, according to the Economic Policy Institute."

Keep reading, here......and don't forget not to let your jaw drop too much!

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