Home > Plutonomy, Politics and the economy > Graph of the 2nd American Revolution

Graph of the 2nd American Revolution

from David Ruccio

piketty_saez_averages

As Dylan Matthews explains,

Until the 1970s, the bottom 90 percent had actually seen its income grow more than any other income group. The income gap was shrinking. But the ultra-rich quickly reversed that trend. In 2007, the top 0.01 percent had an average income almost seven times that of 1917; the average income of the bottom 90 percent had barely tripled. The country has grown more unequal, not less, since then. And, interestingly, the 90-99th percentiles all saw their average income grow faster than all but the tippy-top of the top 1 percent. The divide between the rich and the rest isn’t the only gap growing, in other words. The gap between the ultra-rich and the merely rich is growing, too.

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  1. February 22, 2013 at 11:05 am

    Graph of the first American Devolution, you mean.

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