Rich Get Poorer
futureofcapitalism.com

So much for rising income inequality. Jason DeParle reports in the New York Times:

The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. Within the group, average income fell to $957,000 in 2009 from $1.4 million in 2007.

Someone should tell President Obama about this.

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Rich Get Poorer
futureofcapitalism.com

So much for rising income inequality. Jason DeParle reports in the New York Times:

The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. Within the group, average income fell to $957,000 in 2009 from $1.4 million in 2007.

Someone should tell President Obama about this.

Read More...

The poverty of "near poverty" | The Daily Caller
dailycaller.com

Not poor but poor adjacent? Mickey Kaus writes of Jason DeParle: "he’s aware of the non-liberal views of poverty and the sense in which they contain more than a germ of truth."

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