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A key factor behind the high concentration of income, and another likely reason that the concentration has been increasing, can be seen by examining the distribution of all “capital incomeâ€: income from capital gains, dividends, interest, and rents. In 2003, just 1% of all households — those with after-tax incomes averaging $701,500 — received 57.5% of all capital income, up from 40% in the early 1990s. On the other hand, the bottom 80% received only 12.6% of capital income, down by nearly half since 1983, when the bottom 80% received 23.5%.
The only party trying to redistribute welath are the Republicans, they cry wolf all the time.
http://abcnews.go.com/Politics/OTUS/super-pacs-romney-47-percent-comments/story?id=17271812#.UFoLuZT4-6M
Super PACs Zero In On Romney '47 Percent' Comments
Richest 400 Americans' net worth jumps to $1.7 tln: Forbes
The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday. It includes the list of the US uber-elite, including Bill Gates, Warren Buffett, Larry Ellison and the Koch brothers.
#politics