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INEQUALITY IS UNDENIABLE

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clarence swinney Donating Member (673 posts) Send PM | Profile | Ignore Tue Sep-22-09 04:06 PM
Original message
INEQUALITY IS UNDENIABLE
Income distribution
1980-10% got 15% of Total Income
200710% got 50% of Total Income

1980-2007
top 5% got 63% of total income growth
90% got 9%

1993-2007-
1% got 50% more Income Growth than bottom 65%

In one single year from 1980 to 2007 the top 5% got more
Total Income Growth than 90% 

In 1980-- 86% of employees had Health Insurance-In 2008 it
was 31%

CautionWall Street Journal editorial page
It uses Census Data to prove Rich did not get so rich since
1980
Census lumps together all over 1 million Income. It does not
include  income from Capital gains.
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IDFbunny Donating Member (530 posts) Send PM | Profile | Ignore Tue Sep-22-09 05:55 PM
Response to Original message
1. One positive outcome for the great depression
was that wealth was reset. I think it will happen again.
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