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This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.

Monday, June 4, 2012

The Washington Post: The CBO takes on income inequality

The incomes of the wealthiest 1 percent have nearly tripled since the late 1970s.

Everyone else? Not so much.

The chart sets the scene.

The after-tax incomes of the middle class (the 21st to 80th percentiles) have grown at about 1 percent per year since 1979, adjusting for inflation.

The incomes of the wealthiest 1 percent, meanwhile, have zoomed upward at a consderably faster pace.

see The CBO takes on income inequality - The Washington Post

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