A LITTLE MORE ABOUT THE TOP 0.1%

They really are capitalist pigs who don't do much for the rest of us:

The Top 0.1% Of The Nation Earn Half Of All Capital Gains
Robert Lenzner, Forbes Staff
11/20/2011 @ 12:26PM

Capital gains are the key ingredient of income disparity in the US– and the force behind the winner takes all mantra of our economic system. If you want even out earning power in the U.S, you have to raise the 15% capital gains tax.

Income and wealth disparities become even more absurd if we look at the top 0.1% of the nation’s earners– rather than the more common 1%. The top 0.1%– about 315,000 individuals out of 315 million– are making about half of all capital gains on the sale of shares or property after 1 year; and these capital gains make up 60% of the income made by the Forbes 400.

The facts are clear according to the Congressional Budget Office more than 80% of the increase in income inequality was the result of an increase in the share of household income from capital gains.