Saturday, April 26, 2008

Class war

Over the last quarter century the portion of the national income accruing to the richest 1 percent of Americans has doubled. The share going to the richest one-tenth of 1 percent has tripled, and the share going to the richest one-hundredth of 1 percent has quadrupled.

In 2005, the wealthiest 1 percent of the country earned 21.2 percent of all income, according to IRS data, while the bottom 50 percent of all Americans earned just 12.8 percent of all income, down from 13.4 percent a year earlier.
Who has the Howitzers and who has the spitballs in this war? Who do you think is winning this class war?

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