A new paper by UC Berkeley’s Emmanuel Saez and the Paris School - TopicsExpress

A new paper by UC Berkeley’s Emmanuel Saez and the Paris School of Economics’ Thomas Piketty quantifies something that most economists and politicians should be aware of: The recovery has been amazing — for the richest. The trend of the 1 percent sucking up most of the economy’s raw growth — this study doesn’t account for pension and health care benefits, which are also in decline — has been getting worse and worse for decades, as a result of government policy. But in the last five years the rich have been devouring 95 percent of the economic recovery. washingtonpost/blogs/wonkblog/wp/2013/09/11/how-the-1percent-won-the-recovery-in-one-table/

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