U.S. Tops Developed World in Income Inequality
There’s income inequality, and then there’s the United States. New research shows that within the developed world, no nation has seen the income share of the top 1 percent grow faster over the past three decades than the United States.
To qualify for the elite status of 1 percent in annual income, an individual makes somewhere in the mid-$300,000s per year (or way more, like Mitt!).
(H/t to the Institute for Policy Studies.)