Author Topic: In the US the top 1% get even more wealthy  (Read 2005 times)

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Denny Crane

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In the US the top 1% get even more wealthy
« on: March 01, 2013, 09:15:07 am »
In the US the top 1% are benefiting most from the great "recovery". 
They have increased their share of the US wealth for the last 34 years.
In 2010, 93% of all pre-tax income gains went to the top 1% (households earning more than $360,000 a year).
Over the last two years the top 1% have gobbled up 121% of all pre tax income gains.
How is this possible?  Over the same period the 99% saw a net decline in pre tax income of 0.4%. 
So whilst the top 1% are doing very nicely they are forcing the majority back into recession.
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