| Back OpEd News | |||||||
|
Original Content at https://www.opednews.com/Quicklink/The-rich-are-getting-much-in-General_News-061102-889.html (Note: You can view every article as one long page if you sign up as an Advocate Member, or higher). |
|||||||
November 2, 2006
The rich are getting much richer, much faster than everyone else
By John Rogue
Over the past quarter-century, and especially in the last 10 years, America's very rich have grown much richer. No one else fared as well. In 2004, the richest 1 percent of households - 719,910 of them, with an average annual income of $326,720 - had 19.8 percent of the entire nation's pretax income. That's up from 17.8 percent a year earlier, according to a study by University of California-Berkeley economist Emmanuel Saez.
::::::::
Over the past quarter-century, and especially in the last 10 years, America's very rich have grown much richer. No one else fared as well. In 2004, the richest 1 percent of households - 719,910 of them, with an average annual income of $326,720 - had 19.8 percent of the entire nation's pretax income. That's up from 17.8 percent a year earlier, according to a study by University of California-Berkeley economist Emmanuel Saez.