By Charlie Smith

The rich have left the poor far behind in the United States.

That's according to data posted on the Web site of the National Union of Public and General Employees.

It shows that the top one percent of income earners obtained two-thirds of the income gains between 2002 and 2007.

The gap between the top one percent of income earners and the bottom 90 percent is greater than at any time since 1928, according to the NUPGE.

The data came from an analysis of Internal Revenue Service Records by economists Thomas Piketty and Emmanuel Saez.

Here's some of the other information that appears on the union site:

•2007 marked the fifth straight year in which income gains at the top outpaced those of the rest of the population.
•The proportionate share of the nation’s total income going to the top 1% of households also rose sharply, from 16.9% in 2002 to 23.5% in 2007. This was a larger share than at any time since 1928. (In 2000, at the peak of the 1990s boom, the top 1% took home 21.5% of total national income.)
•Income gains have been even more shocking among those at the extreme top of the income scale.
•The incomes of the top 1/10th of 1% of U.S. households grew by 94% or by $3.5 million between 2002 and 2007.
•The overall share of the total national income flowing to the top 1/10th of 1% rose from 7.3% in 2002 to 12.3% in 2007.
•These are the most lopsided figures in Piketty-Saez data going back to 1913, surpassing even the previous peak in 1928.

http://www.straight.com/article-259929/study-shows-stunning-gap-bet...
-----------------------------------

Isn't that interesting! !n the present we are surpassing the peak in 1928 (which means us peasant folks are fooked) and doesn't it sound reminiscent to right before the Great Depression! How history has a way of repeating itself again and again and again, ect.... Me thinks that a Greater Depression is looming right around the bend!

Views: 44

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
15 hours ago
Doc Vega commented on Doc Vega's blog post Marjory Taylor Green Proposes Bill Abolishing Geoengineering or Weather Modification
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
17 hours ago
Doc Vega posted blog posts
Wednesday
Mr. Sizzle favorited Less Prone's video
Wednesday
tjdavis posted a photo
Tuesday
Doc Vega posted a blog post

The Saga of Joe Adams May Have Solved What's Behind the Numerous Disappearances Going on in our National Forests

     The year is 2023 in September. A nature’s photographer and experienced survivalist, Joe Adams…See More
Monday
Sandy posted a video

Aron Siri's opening statement, Senate Hearing on Covid Vaccines, May 25

Opening statement Aaron Siri, Managing Partner, Siri & Glimstad, L.L.P.Senate Homeland Security and Governmental Affairs, Permanent Subcommittee on Investiga...
Monday
cheeki kea replied to cheeki kea's discussion Tartaria
"A smidgeon of facts have come to light. In English a misspelling suddenly occurred where an extra R…"
Monday
Doc Vega posted a blog post

The Cancel Culture Vulture

  Better to shut them down than hear their point of viewCancel culture coming after youHelping to…See More
Jul 12
Doc Vega posted a photo
Jul 11
Doc Vega posted a blog post

The Fingerprint

The Fingerprint On a dance with the unpredictability of the signals you sendA solemn pact with my…See More
Jul 11
Sandy posted a video
Jul 11
tjdavis posted a video
Jul 9
Burbia replied to Burbia's discussion Trump Receives Marching Orders
Jul 9
Less Prone favorited Burbia's video
Jul 9
Less Prone replied to Burbia's discussion Trump Receives Marching Orders
"Bullets can be effective in reinforcing ownership."
Jul 9
Burbia posted a discussion

Trump Receives Marching Orders

Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
Jul 9
Burbia commented on Burbia's video
Thumbnail

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
Jul 8
Burbia posted a video

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
Jul 8
cheeki kea posted photos
Jul 8

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted