Via Paul Krugman:
Even more gilded: With everything else going on, the latest inequality numbers from Emmanuel Saez, now updated to 2007, didn’t get much attention. But they’re truly amazing:
That means that the top 1-10,000 of the American income distribution receives 6% of pretax household income--meaning that their average income is 600 times that of the average.
Time for a more progressive income taz, is what I am saying...
The curious thing is that Emmanuel's office is only 7 doors north down the hall, yet I have to find out about this via a loop to New Jersey...
