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Brewing in britain. one that might prove even more damaging. eight years ago, the united kingdom instituted an austerity policy, a series of deep cuts to public spending to respond to a large and growing budget deficit. the results were the subject of a report released reasonable by phillip austin, the u.n. special repertoire on extreme poverty. he exhaustively catalogs the toll these policies took and his numbers astound. homelessness shot up 60%. the number of rough sleepers, the people compelled to sleep outdoors has increased between 2010 and 2016 by 134%. and the majority of those in pove...

Look at what the congressional budget office, a non-partisan government agency says would be the impact of your policy. currently, the bottom fifth of households, in terms of their income in the u.s., pays an average federal tax rate of 2%. while the top fifth pays an average federal tax rate of 21%. again, if your flat tax is somewhere between 10 and 15%, just looking at that statistic, the bottom gets hit while the top makes out. >> okay. well what we have to think about, chris, is how do we fix the economy so that it encourages entrepreneurial risk-taking and capital investment. how do we c...

Most income inequality in the country. the bottom fifth of connecticut households saw their income decrease by over 4,000 between 1989 and 2006. that is even before the recession hit. the law is expected to raise pay for over 200,000 workers in the state, or about 15% of the work force. after the break, from a living wage to a champion of workers' rights, alex speaks with rosario dawson and america ferrera, stars of the new film honoring the life and work of cesar chavez. next. but first, hampton pearson has a market wrapup. let's look at stocks going into the weekend. the dow gaining 59 poi...

Poor are basically nil. this is still a wide open country, with opportunities there for people to grasp. bill: you make the point, you argue that if you do those three things, you're chances of being successful are greater, and you have less of dependency on government in the first place. >> correct. if you get a college degree, put aside just graduating from high school which is very important, if you get a college degree and start out in bottom fifth of income in this country, the chances of you staying in the bottom fifth is really rare. 16, 19% end up in the top fifth. this is still a coun...

The top fifth of income earners who make about $101,000 or more, according to the census. this group gets 51% of all tax breaks, says a report from the nonpartisan congressional and budget office. now, the bottom fifth of income earner, who make $20,000 or below, they just get 8% of all the tax breaks. now the main tax breaks also have the lowest costs. one is the child tax credit. on the flip side, the big cost tax breaks benefit top earners the most. employer sponsored health insurance, the largest tax break, most going to top earners. lower rates on sales of short and long-term investments ...