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

[Michel Bauwens]

what is your theory?

Michel

On Thu, Sep 10, 2009 at 9:29 AM, Nathan Cravens <knuggy at gmail.com> wrote:

> 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
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