Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 17, 2014

Chart of the Day

10economix sub wealth blog480 Chart of the Day

Annie Lowrey charts the percentage of total income in the US going to earners in the top 10% and top 1%, noting that “top 10 percent of earners took more than half of the country’s total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago.”

“The figures underscore that even after the recession the country remains in a new Gilded Age, with income as concentrated as it was in the years that preceded the Depression of the 1930s, if not more so.”

“More generally, richer households have disproportionately benefited from the boom in the stock market during the recovery… the richest 10 percent of households own about 90 percent of the stock.”

  • http://satp.blogspot.com/ JoshSN

    Inevitable consequence of DLC/Clinton and GOP policies, wasn’t it?

    We tax speculation at lower rates than perspiration.

    FDR helped homeowners, today we help bankers.

    Bernanke tells all business leaders all they have to do to keep low interest rates is not hire people.

    Tax brackets aren’t inflation adjusted.

    Stock market indices non-stop news, where $2000 of booze and gun sales considered 10 times more important than $200 in school books.

  • Wynstone

    The elite are sitting pretty and their media lapdogs are still telling Johnny Lunchpail he can’t have a raise because of taxes, regulation, and “Obamacare”!

  • jjmargolis

    I dreamed I saw Joe Hill last night…

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