September 18, 2012
theatlantic: Happy Birthday Occupy! Income Inequality Is Still Getting Worse. Occupy Wall Street may well have been the first global protest movement to rally around a statistic cribbed from an economics paper. So to mark its one year anniversary today, I thought I’d break out some of the latest numbers tracking U.S. inequality, courtesy of this month’s Census Bureau recent report on income, poverty, and health insurance coverage.  From 2010 to 2011, the top 5 percent of U.S. households upped their share of the country’s income by 5.3 percent. The top 20 percent got a 1.6 percent bump. And while the country’s poorest saw their piece of the pie grow by a smidgen, the middle classes lost ground. Read more. [Image: Jordan Weissmann] Decades-long trends don’t change in a year, especially when no substantive policy changes have been made.

theatlantic:

Happy Birthday Occupy! Income Inequality Is Still Getting Worse.

Occupy Wall Street may well have been the first global protest movement to rally around a statistic cribbed from an economics paper. So to mark its one year anniversary today, I thought I’d break out some of the latest numbers tracking U.S. inequality, courtesy of this month’s Census Bureau recent report on income, poverty, and health insurance coverage. 

From 2010 to 2011, the top 5 percent of U.S. households upped their share of the country’s income by 5.3 percent. The top 20 percent got a 1.6 percent bump. And while the country’s poorest saw their piece of the pie grow by a smidgen, the middle classes lost ground.

Read more. [Image: Jordan Weissmann]

Decades-long trends don’t change in a year, especially when no substantive policy changes have been made.

(via kiplinger)

11:29am  |   URL: http://tmblr.co/ZLaAExTdJKL_
(Notes: 176)
  
Filed under: inequality The 1% policy politics occupy Wall Street give up 
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  3. j4s0nd4v1s reblogged this from theatlantic and added:
    Exactly. The current people in office are perpetuating a progressive tax code and redistribution; continued, increasing...
  4. pod313 reblogged this from theatlantic
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  6. jaimevargas reblogged this from debtfreetransman
  7. debtfreetransman reblogged this from kiplinger and added:
    In an economic downturn, the middle class always loses ground and falls behind. Meanwhile the richest have learned how...
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  13. progressivepolitics reblogged this from theatlantic and added:
    There was an episode of Penn and Teller in which they covered multi-level marketing (basically pyramid schemes with...
  14. throwing-up-on-flowers reblogged this from picklesforpandas
  15. goingandgoingandgoingand reblogged this from theatlantic and added:
    This is scary to see, but its not the upper class’ fault.
  16. mydaywithd reblogged this from theatlantic
  17. slackjot reblogged this from kiplinger and added:
    Decades-long trends don’t change in a year, especially when no substantive policy changes have been made.
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  24. zoyx reblogged this from theatlantic and added:
    I found your redistribution of wealth. This graph, plus stock prices, plus corporate profits tells me that the recession...
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