Friday, October 02, 2009

Economic Disparity

Early last month the Center on Budget and Policy Priorities reported Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion "Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928, according to an analysis of newly released IRS data by economists Thomas Piketty and Emmanuel Saez." But the graph says it all:


1 comment:

Anonymous said...

It is the perfect graphical summary of the Reagan economic legacy.

Although the data split starts in 1976, I don't recall Jimmy Carter as being an unduly anti-union, Laffer-curve promoting, free-market laissez-fairing, de-regulating fanatical President.