New data make it crystal clear:\u00a0 The rich do get richer.<\/p>\n
In 2010, as the nation continued to recover from the recession, a dizzying 93 percent of the additional income created in the country that year, compared to 2009 \u2014 $288 billion \u2014 went to the top 1 percent of taxpayers, those with at least $352,000 in income. That delivered an average single-year pay increase of 11.6 percent to each of these households.<\/p>\n
In the same year, 37 percent of these additional earnings went to just the top 0.01 percent, a teaspoon-size collection of about 15,000 households with average incomes of $23.8 million. These fortunate few saw their incomes rise by 21.5 percent.<\/p>\n
So yes, someone is benefiting from the growth.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" New data make it crystal clear:\u00a0 The rich do get richer. In 2010, as the nation continued to recover from the recession, a dizzying 93 percent of the additional income created in the country that year, compared to 2009 \u2014 … Continue reading