Tuesday, September 10, 2013

Income inequality growing in the US


"The income gap between the richest 1% of Americans and the other 99% widened to a record margin in 2012, according to an analysis of tax filings.
The top 1% of US earners collected 19.3% of household income, breaking a record previously set in 1927.
Income inequality in the US has been growing for almost three decades.
Overall, the pre-tax incomes of the top 1% of households rose 19.6% compared to a 1% increase for the rest of Americans."

as the rich accumulate more and more of our wealth and the rest of us lose, we are heading toward the time again when there will only be serfs and lords.  I do not like that idea.

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