Income Gaps Between Very Rich and Everyone Else More Than Tripled In Last Three Decades

I suggest going to the link below. A lot of good info and graphs.
And thank Reagan and Bush for this.

Center on Budget and Policy Priorities

By Arloc Sherman and Chad Stone
June 25, 2010

The gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007 (the period for which these data are available), according to data the Congressional Budget Office (CBO) issued last week. Taken together with prior research, the new data suggest greater income concentration at the top of the income scale than at any time since 1928.

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In 2007, the average household in the top 1 percent had an income of $1.3 million, up $88,800 just from the prior year; this $88,800 gain is well above the total 2007 income of the average middle-income household ($55,300).

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