Latest shock graph from Piketty et al’s inequality research highlighted by the excellent Pedro da Costa on Business Insider of all places, by way of the Chicago Booth School of Business and the WSJ. This has truly gone mainstream. And you can see why!
“That’s not a typo on the right. Incomes for the top 0.001% richest Americans surged 636% during the 34-year period.” At the same time the bottom half entirely stagnated.
And this is pretax income. So after the huge regressive tax cuts by successive Republican administrations the post tax disparity in income growth ought to be even larger.