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Data Shows Income Gap Is Widening
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Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows. (New York Times [1], Thursday)
But is this a cause for alarm?
FEE Timely Classic
Growing Income Disparity [2] by Hans F. Sennholz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/data-shows-income-gap-is-widening/
URLs in this post:
[1] New York Times: http://www.nytimes.com/2007/03/29/business/29tax.html?ei=5065amp;en=f30aed8087a73065amp;ex=1175745600amp;partner=MYWAYamp;pagewanted=print
[2] Growing Income Disparity: http://www.fee.org/publications/the-freeman/article.asp?aid=4354
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