No Wonder the Poker Game is Ending: The Wealthiest Have Taken All of the Chips

Washington’s Blog
Saturday, August 15, 2009

A new report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression.

The report shows that:

Income inequality is worse than it has been since at least 1917
“The top 1 percent incomes captured half of the overall economic growth over the period 1993-2007″
“In the economic expansion of 2002-2007, the top 1 percent captured two thirds of income growth.â€