Since 1993 the top 1 percent have enjoyed 68 percent of income growth with the 1 percent of the 1 percent getting almost a quarter of all growth.Keep these statistics in mind when you hear a gasbag claim that when the "makers" do well, the entire country does well.
And the 90 percent? Down 5 percent.
These figures understate reality. They exclude the many very rich people who legally pay little to no income tax.
Sunday, January 19, 2014
THE "MAKERS" AND THEIR MONEY
David Cay Johnston smacks around pinhead David Brooks with some cold facts about income inequality in America, including this one:
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2 comments:
http://davidaslindsay.blogspot.com/2014/01/what-classical-conservatism-looks-like.html
http://davidaslindsay.blogspot.com/2014/01/constructive-statesmanship.html
http://lionoftheblogosphere.wordpress.com/2014/01/23/risk-and-value/
more on the flaws of libertarianism.
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