Wealth and income inequality in the USA

wealth-share

These two charts, courtesy of Prof. David F. Ruccio, show the changing distribution of wealth and income in the USA.  Please keep in mind that while the chart below refers to the top 1 percent of income earners, the chart above refers to the top 1/100th of 1 percent of wealth holders.

wagesincomedistributiondownload2

LINKS

Runaway inequality is ripping us apart, an interview of Les Leopold by Mark Karlin for Truthout.

How the rich got rich and the poor got poor by Alvin Chang for Vox news.

Beyond the carried interest tax loophole by David F. Ruccio for occasional links and commentary.  About special tax breaks that mainly benefit the top 1/100th of 1 percent of wealth holders.

Why the rich are happy to give up the carried interest loophole: They get to keep a bigger loophole by Michael Hiltzik for the Los Angeles Times.

 

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