Sunday, February 20, 2011

Income Inequality In The U.S. Is Worse Than In Egypt

Egypt Unions offer support to U.S. workers ....



U.S. workers need the support, U.S. income inequality is worse than in Egypt:

ThinkProgress » Income Inequality In The U.S. Is Worse Than In Egypt: "Income Inequality In The U.S. Is Worse Than In Egypt"

...income inequality in the U.S. is the worst it has been since the 1920′s, which is a real problem.

Currently, the top one percent of households make nearly 25 percent of the total income in the country, after they made less than 10 percent in the 1970′s. Between 1980 and 2005, “more than 80 percent of total increase in Americans’ income went to the top 1 percent.”

According to the latest data, “the gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007.” And there’s even a stark divide within that one percent. “The share of the nation’s income flowing to the top one-tenth of 1 percent of households increased from 7.3 percent of the total income in the nation in 2002 to 12.3 percent in 2007,” the Center on Budget and Policy Priorities noted....

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