Andy

February 12, 2013

The One Percent Gobbled Up the Recovery- Too

"When you look at the economic recovery's first two years- the top one percent … captured 121 percent of all pre-tax income gains. What did the bottom 99 percent see? Over 2010 and 2011- it saw- on average- a slight net decline in pre-tax income of 0.4 percent. This "negative growth" is what- at least theoretically- boosts the one percent's share of income gains from 100 percent to 121 percent."

The One Percent Gobbled Up the Recovery- Too

The one percent didn't just gobble up all of the recovery during 2010 and 2011; it put the 99 percent back into recession.