Tuesday, February 12, 2013

The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery

The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery: Last year, economist Emmanuel Saez estimated that the richest 1 percent of the U.S. captured a whopping 93 percent of the income gains in 2010, as the U.S. was emerging from the Great Recession. Saez is now back with updated numbers from 2011, and they make the picture look even grimmer: From 2009 to 2011, [...]/p