Monday, April 16, 2007

Gap between rich and poor

Steve Douglass points me to a New York Times article...
http://www.nytimes.com/2007/03/29/business/29tax.html?ex=1332907200&en=7a75e549037fb358&ei=5124&partner=permalink&exprod=permalink

"The top 1 percent received 21.8 percent of all reported income in 2005, up significantly from 19.8 percent the year before and more than double their share of income in 1980. The peak was in 1928, when the top 1 percent reported 23.9 percent of all income."


Hey, 1928 was a good time for everyone. Life was simple and you could work on the railroad for pennies a day before being totally killed, chopped in half and eviscerated over a 2 mile section of track so a billionaire could buy half of New York.

I must be in the top one percent since my personal income increased 650% in FY 2006 as I moved from grinding unemployment to making literally hundreds of dollars a week! Also, I grabbed Ben Bernanke's toupee and sold it on eBay.

1 comment:

noisyparker said...

While you natter on about this, there is reportedly someone on American Idol that a lot of people think doesn't deserve to be there!