1 percent of Americans are now taking in nearly a quarter of the nation’s income

  • Thread starter Thread starter Guns Guns Guns
  • Start date Start date
G

Guns Guns Guns

Guest
"In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall."

http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105
 
You must log in or register to reply here.
Back
Top