Who would have thought?That's in response to a story showing trickle-down economics does not work:
The growth in total incomes was concentrated among those making more than $US1 million. The number of such taxpayers grew by more than 26 per cent from 2000 to 2005.All the more reason for the grubby little plebs to be even more "aspirational", of course.
These individuals, who constitute less than a quarter of 1 per cent of all taxpayers, reaped almost 47 per cent of the total income gains in 2005, compared with 2000.
The fact that average incomes remained lower in 2005 than five years earlier helps explain why so many Americans report feeling economic stress despite overall growth in the economy.