Record income inequality hits another new record
by David Atkins
I’m sure we’re all shocked that the rich are taking yet another record share of the national economic pie:
The gulf between the richest 1% of the USA and the rest of the country got to its widest level in history last year.
The top 1% of earners in the U.S. pulled in 19.3% of total household income in 2012, which is their biggest slice of total income in more than 100 years, according to a an analysis by economists at the University of California, Berkeley and the Paris School of Economics at Oxford University.
The richest Americans haven’t claimed this large of a slice of total wealth since 1927, when the group claimed 18.7%. The analysis is based on data from Internal Revenue Service data.
Is it any wonder that New Yorkers just voiced such strong support for a strident economic progressive like De Blasio? It appears the dam is beginning to burst at long last.
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