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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHere’s a Map of How Much You’d Have to Make To Be Among the 1% in Your State
By Jill Bond
Last week I brought to you a map of the wealthiest person in each state.
http://bluenationreview.com/map-wealthiest-person-state-whos-state/
This time I have a map, thanks to the Economic Policy Institute (EPI), of what you have to make in one year to be in the richest one percent of people in your state.
The EPI published a report on Monday looking at income inequality by state, and their findings showed that all 50 states have experienced a lopsided and widening gap in the income inequality of the top 1 percent in recent decades.
And unfortunately the Great Recession wasnt much of leveler: The top 1 percent recovered by leaps and bounds their income has grown by 36.8 percent, while the bottom 99 percents income has actually gone down in the so-called recovery that began in 2009.
The report found that, nationally, the top 1 percent of taxpayers earned 28.7 times as much income as the bottom 99 percent in 2012.
More here: http://bluenationreview.com/map-much-youd-make-among-1-state/
Borchkins
(724 posts)B
madamesilverspurs
(15,800 posts)I need only earn an additional $32932 per month. (Colorado)
enough
(13,256 posts)Liberal Veteran
(22,239 posts)nichomachus
(12,754 posts)Being in the One Percent is not about how much money you make. It's about power, influence, and access. "One Percent" is only a catchy slogan. I know people who make these salaries, and many of them are just the same as you and me.
The real problem in the country is from the 0.01 percent. They are the true ruling class.
I'm not saying you don't have a little more clout when you make $300K a year, but I have a friend who does - and he still has to make up a resume when he looks for a job, unlike the members of royalty who don't -- think the Bush kids, Chelsea Clinton. These people get hired with a quick phone call. My friend still has to hang on hold with the cable company, just like you and I do. Because of his income, he is, according to this chart, in the one percent, but he also works 80 hours a week and hasn't had a real day off in about three years.