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| September 2014
The Rich Are Getting Richer, Part the Millionth
By Kevin Drum
Mother Jones, September 27, 2014. All Rights Reserved.
It's not easy finding new and interesting ways to illustrate the growth of income inequality over the past few decades. But here are a couple of related ones. The first is from "Survival of the Richest" in the current issue of Mother Jones, and it shows how much of our total national income growth gets hoovered up by the top 1 percent during economic recoveries. The super-rich got 45 percent of total income growth during the dotcom years; 65 percent during the housing bubble years; and a stunning 95 percent during the current recovery. It's good to be rich....
Read more: http://www.motherjones.com/kevin-drum/2014/09/rich-are-getting-richer-part-millionth
It's not easy finding new and interesting ways to illustrate the growth of income inequality over the past few decades. But here are a couple of related ones. The first is from "Survival of the Richest" in the current issue of Mother Jones, and it shows how much of our total national income growth gets hoovered up by the top 1 percent during economic recoveries. The super-rich got 45 percent of total income growth during the dotcom years; 65 percent during the housing bubble years; and a stunning 95 percent during the current recovery. It's good to be rich....
Read more: http://www.motherjones.com/kevin-drum/2014/09/rich-are-getting-richer-part-millionth
Associated Program:
Publication Highlight
A Great Leap Forward
Heterodox Economic Policy for the 21st Century
Author(s): L. Randall WrayJanuary 2020
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