Paul Krugman notes the latest inequality numbers:
Even more gilded, by Paul Krugman: With everything else going on, the latest inequality numbers from Emmanuel Saez, now updated to 2007, didn’t get much attention. But they’re truly amazing:
How will the crisis change these numbers, if at all?
Update: Brad DeLong:
That means that the top 1-10,000 of the American income distribution receives
6% of pretax household income--meaning that their average income is 600 times
that of the average.
Time for a more progressive income taz, is what I am saying...
Posted by Mark Thoma on Thursday, August 13, 2009 at 02:48 PM in Economics, Income Distribution |