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Institute for Policy Studies

The Myth of Americans Living Beyond Their Means

There is a belief that Americans got into economic turmoil because of living beyond their means. Robert Reich explains why this is a myth, that most Americans do not live beyond their means and that their “means” have not kept up with the economy. Where has the wealth accumulated and why aren’t the top of the top being surtaxed while average-earning and the poor shoulder the burden?

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