Im about one-third of the way through Pikettys book. Even though it is tough sledding at times and contains far too many financial formulas for my dull, addled brain to absorb, the subject is fascinating and the research seems meticulous. In 2012 the top 1 percent of American households collected 22.5 percent of the nation’s income, the highest total since 1928. The richest 10 percent of Americans now take a larger slice of the pie than in 1913, at the close of the Gilded Age, owning more than 70 percent of the nation’s wealth. And half of that is owned by the top 1 percent.
Posted on: Mon, 21 Apr 2014 01:02:47 +0000
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