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For me the chart loaded at a point the average income shrunk, and the richest actually got most of that shrinkage. Since that point there seems to have been no
by tinco 13y ago
For me the chart loaded at a point the average income shrunk, and the richest actually got most of that shrinkage. Since that point there seems to have been no point at which the average income had shrunk. But, the graph goes until 2008, which was the start of the recession. Isn't the period after 2008 not the most interesting period? Didn't the average income drop? Who took the heaviest blow there?
Not that the rich would feel much if they would lose 50% of their income, but it would at least mean that some of the theory is true, and the rich really do carry more risk, and in that way protect the stability of the overall economy.