Wednesday, September 18, 2013

Rich Man Wins, Poor Man Pays

The Rich Get Richer Through the Recovery. (The New York Times, 9/12/2013)

Is there an echo in here?   [Bold type added.] The top 10 percent of earners took more than half of the country’s total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago, according to an updated study by the prominent economists Emmanuel Saez and Thomas Piketty. 

The top 1 percent took more than one-fifth of the income earned by Americans, one of the highest levels on record since 1913, when the government instituted an income tax.

The Wisconsin Budget Project graphs the state's picture.

Related posts:
Wisconsin Budget Project: Little growth in income except for those at the top, part 4.  (9/14/2012)
Part 3.  (9/13/2012)
Part 2.  (9/12/2012)
Part 1.  (9/11/2012)
Shop til you drop:  Only if you're the 1%.  (11/16/2011)
Wisconsin ranks 46th in income inequality according to Census Bureau report.  (10/30/2011)

1 comment:

Gerard said...

It's good to be the king.