TIME FOR A REVOLUTION? (17) US income inequality at record - TopicsExpress

TIME FOR A REVOLUTION? (17) US income inequality at record high The income gap between the richest 1% of Americans and the other 99% widened to a record margin in 2012, according to an analysis of tax filings. The top 1% of US earners collected 19.3% of household income, breaking a record previously set in 1927. Income inequality in the US has been growing for almost three decades. Overall, the pre-tax incomes of the top 1% of households rose 19.6% compared to a 1% increase for the rest of Americans. (bbc.co.uk/news/world-us-canada-24039202)

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