Rich Still Get Richer, But, Improbably, Maybe Even More Than You Thought

Rich Still Get Richer, But, Improbably, Maybe Even More Than You Thought

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For those who can still be shocked at these things: From the Congressional Budget Office, yet more astounding figures and accompanying charts showing the exploding income inequality in this country. The short version: “For the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007,” while it grew by just 18 percent for the bottom 20 percent of the income scale.

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