Uncategorized

Today’s amazing inequality statistics

These come from a recent University of California Alumni Association profile of economist Emmanuel Saez and his work that was linked to by the excellent online newsletter Too Much:

The top 1 percenters in the United States, for example, have seen their share of national income rise from under 8 percent in 1970 to just under 20 percent in 2010. A similar pattern is seen in Canada, which also adopted the same esprit de laissez-faire that made Reaganomics the hallmark of United States fiscal policy in the 1980s.

In contrast, over the same period, the top 1 percenters in Japan saw their share of national income inch up from 8 to 9.5 percent. French and Swedish plutocrats were similarly deprived. (Emphasis supplied).

Meanwhile, check out the following amazing graph of Census data that also comes from the folks at Too Much:

Inequality - Shrinking nest eggs

Source: Too Much Online – A project of the Program on Inequality and the Common Good of the Washington, D.C.-based Institute for Policy Studies

Check Also

Governor’s office will appeal judge’s ruling on opening bowling alleys

Governor Roy Cooper’s office announced this afternoon that ...

Top Stories from NCPW

  • News
  • Commentary

After years of effort, opponents of the cancelled Atlantic Coast Pipeline celebrate, reflect and loo [...]

As COVID-19 cases continue to reach new record highs in North Carolina, students at UNC system schoo [...]

Firebrand conservative academic opts for early retirement in light of latest controversies and provo [...]

While the North Carolina General Assembly tries again and again to reopen gyms and bars, there is an [...]

If ever there was a year in which it is a good thing to be past the midway point, 2020 would appear [...]

The post Bottom Lines Matter appeared first on NC Policy Watch. [...]

…Fellow-citizens, pardon me, allow me to ask, why am I called upon to speak here to-day? What have I [...]

It’s never safe to predict what the current leadership of the North Carolina General Assembly will d [...]