The American Inequality Curve

Paul Krugman charted the data of Professor Emmanuel Saez showing the income share of the top tenth of a percent of the USA population. You can see the rise towards 1929 and the crash of the depression and the war. The climb starts during Ronald Regan rein in 1979 and continues throughout Clinton years toward the dotcom peak in 1999 (AKA Y2K Greenspan bubble). Then there is the dotcom crash and the current bubble rise to 2007 when the tenth of a percent of the USA population took in 6% of the overall reported income.

Tagged as: economy, money, oligarchy, recession, USA