Thursday, June 12, 2008

Excellent graph

{Blogger sucks and once again, has broken its picture posting ability. Here's the link}

Source: Thomas Picketty and Emmanuel Saez, via WSJ

I love this graph. Next time folks talk about "taxing the rich", ask where "the rich" start. The top 10%-1% have seen almost flat income growth (1%-2%) over the past 6 years. So, up to $190K, no improvement.

From the top 1%-0.01% it's better, 7%-8.5% income growth. We're now at the $2.5M mark though. All the serious growth has been at the higher than 0.01% ($2.5M+) -- 22.2%!

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