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Trickle-up economics

Posted on March 26th, 2014 at 4:16 by Sueyourdeveloper in category: News -- Write a comment

Quote via Economist’s View

The top 1 percent of Americans raked in 95 cents out of every dollar of increased income from 2009, when the Great Recession officially ended, through 2012. Almost a third of the entire national increase went to just 16,000 households, the top 1 percent of the top 1 percent, Piketty and Saez’s analysis of IRS data shows.

By contrast, in 1934, the year after the Great Depression officially ended, the 1 percent of the 1 percent saw their incomes slip by 3.4 percent

It is different this time! The article is a review of an economics book.

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