Salon: “Incomes of bottom 90% grew $59 in 40 years”

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Wow. Ouch. Wouch.

The vast majority averaged a mere $59 more in 2011 than in 1966. For the top 10 percent, by the same measures, average income rose by $116,071 to $254,864, an increase of 84 percent over 1966.

Plot those numbers on a chart, with one inch for $59, and the top 10 percent’s line would extend more than 163 feet.

Now compare the vast majority’s $59 with the top 1 percent, and that line extends for 884 feet. The top 1 percent of the top 1 percent, whose 2011 average income of $23.7 million was $18.4 million more per taxpayer than in 1966, would require a line nearly five miles long.

The bottom 90% bears the cost of supporting an economy from which they are structurally alienated. Seems legit.

Read the rest at Salon.

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