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A little heart-warming chart. I’d love to see an update. – Ilene
The Trickle-Up Economy
Courtesy of Mark Thoma at Economist’s View
Paul Krugman notes the latest inequality numbers:
Even more gilded, by Paul Krugman: With everything else going on, the latest inequality numbers from Emmanuel Saez, now updated to 2007, didn’t get much attention. But they’re truly amazing:
How will the crisis change these numbers, if at all?
Update: Brad DeLong:
That means that the top 1-10,000 of the American income distribution receives 6% of pretax household income–meaning that their average income is 600 times that of the average.
Time for a more progressive income taz, is what I am saying…
