[p2p-research] Fwd: CBPP: Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion

[Nathan Cravens]

This adds further weight to my theory of exchange trade collapse!

Nathan

---------- Forwarded message ----------
From: Michelle Bazie <bazie at cbpp.org>
Date: Wed, Sep 9, 2009 at 8:38 AM
Subject: CBPP: Top 1 Percent of Americans Reaped Two-Thirds of Income Gains
in Last Economic Expansion
To: knuggy at gmail.com


   [image: Center on Budget and Policy Priorities]
<http://www.cbpp.org>     Top
1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic
Expansion
Income Concentration in 2007 Was at Highest Level Since 1928, New Analysis
Shows <http://www.cbpp.org/cms/index.cfm?fa=view&id=2908>

by Avi Feller and Chad Stone

“Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to
the top 1 percent of U.S. households, and that top 1 percent held a larger
share of income in 2007 than at any time since 1928, according to an
analysis of newly released IRS data by economists Thomas Piketty and
Emmanuel Saez.

“During those years, the inflation-adjusted income of the top 1 percent of
households grew more than ten times faster than the income of the bottom 90
percent of households.”

*View the full report:*
http://www.cbpp.org/cms/index.cfm?fa=view&id=2908
http://www.cbpp.org/files/9-9-09pov.pdf  3pp.





 Contact

Michelle Bazie
Deputy Communications Director
Center on Budget and Policy Priorities
820 First Street, NE, Suite 510
Washington, DC 20002
bazie at cbpp.org
Resources

Support the Center's Work <http://www.cbpp.org/donate/?emailView=1>

Subscribe to the Center's RSS feed <http://www.cbpp.org/rss/?emailView=1>

[image: Find Us on Facebook] <http://www.cbpp.org/facebook.htm>

[image: Follow Us On Twitter] <http://www.cbpp.org/twitter.htm>
Preferences

[image: Introducing
myCenter]<http://www.cbpp.org/myCenter/index.cfm?fa=personalize&emailView=1>
If you wish to unsubscribe or change the e-mail address to which these
notices are transmitted, please log on to
*my*Center<http://www.cbpp.org/myCenter/index.cfm?fa=personalize&emailView=1>
to
update your preferences.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listcultures.org/pipermail/p2presearch_listcultures.org/attachments/20090909/1a31e986/attachment-0001.html>