Tuesday, September 17, 2013
Brenda Cronin, The Wall Street Journal
Submitted by: Jon Gilbert

95% of 2009-2012 Income Gains Went to Wealthiest 1%

Recovery? What recovery? The wealthy are doing better than ever. While the rest of us have yet to see any improvement in our day-to-day existence.

According to the latest version of “Striking it Richer: The Evolution of Top Incomes in the United States,” byEmmanuel Saez, of the University of California, Berkeley, the income inequality gap has been expanding, rather than narrowing, as the 2007-2009 recession recedes. That trend has been unfolding for more than 30 years, with the highest earners only temporarily set back by the most recent downturn

Posted by Editor on 09/17/13 at 09:34 AM •  (0) Comments

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"America does not have an aristocracy or a plutocracy."
Art Pope