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Thursday, August 13, 2009

The Trickle-Up Economy

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 on Thursday, August 13, 2009 at 02:48 PM in Economics, Income Distribution | Permalink  TrackBack (0)  Comments (33)


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