Gap between top .01% and bottom 90% now near all-time high


by Institute for Policy Studies on Sep 11, 2013 | Views: 462 | Score: 2
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Institute for Policy Studies
Institute for Policy Studies on Sep 11, 2013 9:30 PM said:

America's wealthiest averaged 1,000 times the income of America's bottom 90 percent last year. In the middle of the 20th century, this Too Much newsletter treatment of just-released data from economists Emmanuel Saez and Thomas Piketty makes clear, the gap hovered closer to just 100 times.

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