A AP report lists a study by UC Berkeley, Paris School of Economics and
Oxford University that outlines the accelerating income inequity in the US of
A.
To wit:
The top 1% of the country's households earned 19% of the nation's
income.
The top 10% of the country's households earned 48% of the nation's
income.
The last time the national income inequity was this large occurred in 1928,
just before the stock market collapse and the start of the Great
Depression.
Regardless, this income inequity is the stuff of revolution and bodes ill
for stability.
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