epitaph for a country
Report Says That the Rich Are Getting Richer Faster, Much Faster - New York Times
The increase in incomes of the top 1 percent of Americans from 2003 to 2005 exceeded the total income of the poorest 20 percent of Americans, data in a new report by the Congressional Budget Office shows.The poorest fifth of households had total income of $383.4 billion in 2005, while just the increase in income for the top 1 percent came to $524.8 billion, a figure 37 percent higher.
Yes, you read that right. The increase in incomes of the top 1 percent of Americans over the two years from 2003 to 2005 exceeded the total income of the poorest 20 percent of Americans in 2005....
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