Last year, for the first time in modern times, America's top 10 percent collected over half the nation's income, as President Obama noted December 4 in an address that assailed the nation's current inequality. The main driver of this redistribution upwards: the rising income share of America's top 1 percent.
Last year, for the first time in modern times, America's top 10 percent collected over half the nation's income, as President Obama noted December 4 in an address that assailed the nation's current inequality. The main driver of this redistribution upwards: the rising income share of America's top 1 percent.