Income-Inequality Gap WidensYes, Senator McCain, let us talk about the redistribution of wealth in America!
Boom in Financial Markets Parallels Rise in Share For Wealthiest Americans
12 Oct 2007
... The wealthiest 1% of Americans earned 21.2% of all income in 2005, according to new data from the Internal Revenue Service. That is up sharply from 19% in 2004, and surpasses the previous high of 20.8% set in 2000, at the peak of the previous bull market in stocks.
The bottom 50% earned 12.8% of all income, down from 13.4% in 2004 and a bit less than their 13% share in 2000.
[note: the date is correct - the article is a year old... I'm not sure Murdoch's WSJ would countenance such left-wing reporting!]
Stop the madness!!!
p.s. The WSJ article cited above was linked from a post over at DailyKos: Wall Street. Main Street. Why No Mention of Side Streets and Alleys? .
Warning: there are, like, real statistics in the DailyKos post! - stuff like "Gini coefficients", and graphs... just to warn you.