Wednesday, April 9, 2014

Those good old days after WWII will not come back

According to a recent study by the famous income-inequality specialist, Berkeley economist Saez, the strata of wealth (not income) distribution in 2012 of total US household wealth is as follows: 25.6% for bottom 90%, 34.6% for the next 9%, 39.8% for the top 1%. The era of reasonable income distribution in those 30 years after WWII will never come back.

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