Friday, January 03, 2014

Job Creators

Perhaps the most tiresome message of the Republican Party is that we need to give more money to the rich, since they are the "job creators". How is that working out in practice? Via Wonkblog, this Saenz and Piketty graph of the income distribution in the US since 1917.

The top 10% of earners now has the biggest share of the national income recorded. How is that Job Creation coming? Not so hot. The figures are even more skewed when the top 1% and top 0.1% are looked at.

The only other time US inequality approached this level? 1929.