An updated study from UC Berkeley economist Emanuel Saez shows that the wealthiest 10% of Americans now have a larger share of total income than ever ... in records going back to 1917. This percentage is even larger than during the Roaring Twenties, the last time the US saw such similar income inequality, just prior to the Great Depression
Sunday, August 16, 2009
No Trickling Down as The Rich Get Richer
An updated study from UC Berkeley economist Emanuel Saez shows that the wealthiest 10% of Americans now have a larger share of total income than ever ... in records going back to 1917. This percentage is even larger than during the Roaring Twenties, the last time the US saw such similar income inequality, just prior to the Great Depression
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