What A Great Country!

From The New York Times:

In 2007, the top one ten-thousandth of households took home 6 percent of the nation’s income, up from 0.9 percent in 1977. It was the highest such level since at least 1913, the first year for which the I.R.S. has data.

The top 1 percent of earners took home 23.5 percent of income, up from 9 percent three decades earlier.

The Times buried the above information at the bottom of a long article on the economic problems of the super-rich. 

The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon.  

About Yisroel Pensack

http://www.lukeford.net/profiles/profiles/yisroel_pensack.htm
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