Wednesday, October 26, 2011

The congressional budget office has just released a new report on the increasing inequality in the US. (You can get the full report in PDF at the link.) What is particularly interesting about the above chart is that if I read it rightly it indicates that all of the increase in inequality is due to the increase in income for the top 1%. I am disappointed that they don't include the wage income for individuals, because there the picture looks far worse. The middle class made up for stagnant wages by having both husband and wife work. And then we used our inflated house prices to keep above water. Now when are the journalists going to ask Republicans why Republican policies produced this?

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