Inequality Is So Bad Even The Super-Rich Are Getting Left Behind

[LiberalArkie]

http://www.huffingtonpost.com/2014/02/11/inequality-top-incomes_n_4767160.html

Believe it or not, 99 percenters, the 1 percent feels your pain: It suffers from inequality, too. An extremely comfortable inequality. But still, inequality.

The incomes of the very, very wealthiest Americans -- the top 0.01 percent -- have exploded since the 1980s, even more dramatically than the incomes of the next-wealthiest Americans -- the top 0.1 percent and 1 percent.

Here is a chart that could stoke class rage among the super-rich. It comes from the World Top Incomes Database, using tax data compiled by economists Facundo Alvaredo, Tony Atkinson, Thomas Piketty and Emmanuel Saez. (Story continues after chart.)



Snip

[Scuba]

1. So basically we've got a half-dozen rich fucks telling the government what to do.

[LiberalArkie]

2. I guess I should have added an additional paragraph

As you can see from the chart, the average annual income of the top 0.01 percent of earners -- just 16,000 households -- is now more than $30 million. That's about 30 times as much as the top 1 percent.

[silverweb]

3. Utterly obscene.

[font color="navy" face="Verdana"]n/t

[reformist2]

4. History will look back at the idiocy, insanity of our economic system.

[freshwest]

6. No, I think they will write the history and call it grand. Or leave nothing traceable, all electrons

that can be easily deleted to confound those trying to make sense of the future world.

Coming generations will be taught by them as well, and not ever know that anything was ever different. With no reference point to compare it with, why would they have a bad opinion of how things are?

Just thinking...

[democratisphere]

5. The super colossal obscenely filthy horribly rich are running away with MOST of the Wealth,.....

regardless of the economic conditions. Who said our economic system isn't rigged.