Both the 99% and the 1% had income gains under Obama. [View all]

[jtuck004]

Last edited Thu Apr 12, 2012, 05:26 PM - Edit history (1)

My previous headline "Can we just put this aside? We are ALL doing better than we were under Bush " was a poor choice of words and wrong. Thank you for pointing that out.

My bad.


'Course, the 1% continue to do a little better


Courtesy of Naked Capitalism, based on updated data from the IRS (explained in the updated paper here by Emmanuel Saez, Berkeley - or as I like to think of it, Alan West's worst nightmare. THOSE people actually want to INVEST in America! How can the wealthy maintain if the Federal government changes its spending\taxing priorities?

The original paper, INCOME INEQUALITY IN THE UNITED STATES, 1913–1998 can be found here.