As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.From the San Francisco Chronicle:Half of America has only 0.5% …
Posts Tagged ‘Emmanuel Saez’
Should a Stock Market Decline Stop Us From Breaking Up the Giant Banks or Fully Auditing the Federal Reserve?
May 7th, 2010 |
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Should a Stock Market Decline Stop the Goldman Prosecutions?
May 1st, 2010 |
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As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.From the San Francisco Chronicle:Half of America has only 0.5% of th…
Statistics: Wealth in America (and in Congress)
November 11th, 2009 |
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A report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression.The report shows that:Income inequali…
Top heavy
October 7th, 2009 |
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A quarter of America’s total income is earned by the top 1%
AMERICA is the wealthiest country in the world and its rich keep earning more. In 2007, the latest year for which data are available, the top 1% increased their share of the country’s income to 23.5%, according to analysis of tax returns by a pair of economists, Emmanuel Saez and Thomas Piketty. The concentration of income earned by this top percentile now stands at its highest since 1928. Two-thirds of the country’s total gains in the five years to 2007 accrued to the top 1%, whereas the bottom 90th percentile saw only 12% of the extra income.
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No Wonder the Poker Game is Ending: The Wealthiest Have Taken All of the Chips
August 14th, 2009 |
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A new report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression.The report shows that:Income ineq…