The richest Americans have been looked after, and then some.

In case you were wondering who is in control of our government

The top ten percent of earners in the United States took home more than 50 percent of all income in 2012, the highest amount ever recorded since data was first collected in 1917, according to an updated report from economists Emmanuel Saez and Thomas Piketty.

While the wealthiest took a big hit during the financial crisis, they’ve almost fully recovered. Last year, income for the top 1 percent of earners “increased sharply,” the report notes, growing by nearly 20 percent, while the bottom 99 percent only saw money rise by 1 percent. “In sum,” the authors write, “top 1% incomes are close to full recovery while bottom 99% incomes have hardly started to recover.”

This follows a trend since the recovery officially began. From 2009 to 2012, income for the 1 percent grew by 31.4 percent, while everyone else only saw it grow by 0.4 percent. That means the 1 percent “captured 95% of the income gains in the first three years of the recovery,” they write.

This is obscene.  It’s the kind of thing that makes a person want to start drinking at breakfast…if only they could afford to do so.

"Most people do not base their religious beliefs on scientific or logical reasoning. People generally ..."

Scientists continue to find things we’d ..."
"Is this blog dead?Do you mean to tell me that after using his blog as ..."

I’ll be doing a debate in ..."
"By your standards it seems that Abraham Lincoln never lived. You can not prove scientifically ..."

I don’t think Answers in Genesis ..."
"God's will sucks...too many good people suffer and too many bad people don't.....can you explain ..."

Prayer absolutely, positively does not work

Browse Our Archives

Follow Us!


What Are Your Thoughts?leave a comment