Tuesday, January 22, 2013

Global Inequality Skyrockets: Report Says Top 1% Have Increased Wealth By 60% Over Last Two Decades | Alternet

Global Inequality Skyrockets: Report Says Top 1% Have Increased Wealth By 60% Over Last Two Decades | Alternet
"For instance, the US has seen “the share of national income going to the top 1%... doubled since 1980 from 10 to 20%. For the top 0.01% it has quadrupled  to levels never seen before.” And globally, the situation is not any better: “Globally the incomes of the top 1% have increased 60% in twenty years. The growth in income for the 0.01% has been even greater.” And the financial crisis has only accelerated the process of the 1% gaining even greater wealth."