Posted by Bob Lord
So, the trend continues. According to analysis by the Economic Policy Institute, the income of the top one percent rose 8.2% between 2009 and 2011, while the income of the bottom 90% declined by 1.2%. The full analysis is even more grim. You can read Robert Reich's discussion of it here. Reich's discussion includes data on how the greatest nation in the world compares to other countries.
As I've said, we're living through a great experiment. How much income and how much wealth can we cram into the top 1% before the bottom 90% explodes?