America's Tilt to the Top: The Deepest Stats Yet
October 29, 2011 - 7:35pm ET
Back in 1979, America’s most affluent 1 percent took home — after federal taxes — about the same share of the nation’s income as all the Americans in the bottom 20 percent. In 2007, Americans learned last week, the nation’s top 1 percent took home more income than America’s entire bottom 40 percent.
These new stats didn’t come from some scruffy Occupy Wall Street encampment. They came — in a blockbuster new report
— from the buttoned-down number crunchers at the nonpartisan
Congressional Budget Office. And the portrait they paint essentially
gives the Occupy movement’s most basic insight, that our top 1 percent
has hijacked the nation, an official government imprimatur.
0 Comments:
Post a Comment
<< Home