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#1 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,791
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In 2010 -- the first full year since the end of the Great Recession -- virtually all of the income growth in America took place among the country's very wealthiest people, says an economist at the University of California, Berkeley. The top 1 percent of earners took in a full 93 percent of all the income gains that year, leaving the other 7 percent of gains to be sprinkled among the vast majority of society.
Those numbers come courtesy of Emmanuel Saez, the Berkeley economist who co-created a resource known as the World Top Incomes Database. Saez and his colleagues crunched the data on income growth from 2010, the most recent year available, and found that it was shockingly lopsided. http://www.huffingtonpost.com/2012/0...n_1321008.html |
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#2 |
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Ring of Famer
Join Date: Nov 2006
Posts: 3,790
Adopt-a-Bronco: None |
Our march towards a return of feudalism continues! Personally, I'm excited. I always wanted to learn to serf!
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#3 |
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Fan of the home team
Join Date: Dec 2002
Location: Durango, Colorado
Posts: 12,107
Adopt-a-Bronco: Mark Schlereth |
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#4 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,791
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Laissez-nous prendre d'assaut la Bastille!
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#5 |
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Guerrilla Ontologist
Join Date: Apr 2001
Location: Future
Posts: 42,691
Adopt-a-Bronco: Prima Materia |
I like parties.
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