by John Grooms
Thanks to the folks at NC PolicyWatch for their Fact of the Day, this one from former labor secretary Robert Reich, from his Labor Day blog post.
In the late 1970s, the richest 1 percent of American families
took in about 9 percent of the nations total income; by 2007,
the top 1 percent took in 23.5 percent of total income.
Its no coincidence that the last time income was this concentrated
was in 1928.