Tuesday, July 6, 2010

CBPP: Income gaps between very rich and everyone else tripled in last 30 Years

The Council on Budget and Policy Priorities has an interesting report on their web site stating that the income gap between the top 1% and the rest of the country tripled over the past 30 years.

Bush tax cuts also accelerated the gap during the 00's.

During the study period income for the top 1% increase by 280% while middle fifth increased by only 25% and the bottom fifth by 16%


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