The Astonishing Trend in Income Gains for the Very Rich

MAKING SENSE -- February 15, 2012 at 11:51 AM EDT

The Astonishing Trend in Income Gains for the Very Rich

Income Gains chart Chart via a report from the Center for Budget and Policy Priorities based on data from the Congressional Budget Office.

The chart above comes to you courtesy of the Center for Budget and Policy Priorities -- based on Congressional Budget Office data via Mother Jones Magazine via a tweet to me from one @cityoftucsonaz.*

@paulsolman Interesting. Too long to RT @MotherJones mobile.twitter.com/motherjones/st...
— City of Tucson (@cityoftucsonaz) February 14, 2012

I began reporting on this trend back around 1990, when the PBS NewsHour was still The MacNeil/Lehrer NewsHour, and the red line had yet to achieve liftoff. It's astonishing to see what's happened since. Looking ahead another 20 years while suspending any judgment, I wonder: Does the trend really know no bounds?

(@cityoftucsonaz's Twitter profile states it is a 'critique of Mayor, City Council and City Manager. This twitter site has no affiliation with the City of Tucson.')

This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions.

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