“It turns out, though, that the overarching reason for stagnant and even declining state and municipal revenue is that the biggest share of taxpayers — the broad middle class — simply don’t have as much to be taxed on as they used to.”
-Tulsa World reporter Randy Krehbiel, discussing a new Standard & Poor’s report that found extreme income inequality is contributing to state budget shortfalls in Oklahoma and across the nation (Source: http://bit.ly/1rP9JIG)