Wage stagnation for the lower 2 quintiles, while a massive increase for the already wealthy. While some people like to use the "economy isn't a zero sum game," it actually is. There is X amount of money in the economy, and it goes somewhere. When laws are passed, and tax cuts made, that overwhelmingly favor the already rich... everyone else is simply some form of fucked over. Productivity has gone up, with all that new generation of wealth going straight up. That is a redistribution of wealth from the people that actually produce, to those that sit on their ass and invest.... who are then taxes less because it's capital gains.
And yes, the tax burden has shifted. Back in the 80's, Reagan was all about the tax cuts (at first). The wealthy sure loved him, but it increased the deficit and debt, so he decided to raise taxes. It wasn't the wealthy he raised taxes on, though.... it was the poor and middle class. Government redistribution of wealth from the poor and middle class to, yes you guessed it, the already wealthy.
Along with some other good information, half way down the page is an interesting chart showing the difference Reagan's tax cuts had. The entire premise of trickle down economics is bullshit, and is the basis for the economic inequity we're suffering right now... along with all the ill effects that has on society. It has, because of the government sticking to the absurdity of it, redistributed wealth upwards.
People are uniformly better off today than they were 35 years ago...... And if you look at government taxation and spending, you'll find that the only income group that pays substantially more than they receive in government benefits is the top 20%
And neither of those things have anything to do with the fact that the government, in the pockets of the wealthy, has been redistributing wealth from the poor and middle class for the last 35+ years, and certainly neither of them refute what is obvious to pretty much anyone who's been alive since before the 80's (and is actually old enough to remember them). My mea culpa is, i actually voted for Reagan... at least it didn't take me more than a couple years to see how truly fucked up his voodoo economics was, and foresee the devastation it would bring on this country if it wasn't changed.