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Originally Posted by Undertoad
The gain from 2003-2007 is rather large, but if we continue this graph from 2007-2011, I assure you the drop-off will be similarly massive.
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Or even more massive. Here are some early figures up to 2009. This chart is not measuring the same thing as the original, but the curve will be the same. It shows you why, if you want to tell a certain part of the story, you stop at 2007.
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Over time, the Top 1% has claimed a bigger share of the income pie. In 2007, they earned 22.8% of the nation's income, more than double the amount in 1986, according to IRS data. The recession has since brought that slice down to just under 17% for 2009.
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The top 1%'s slice of the pie fell dramatically... by a full quarter in only two years! But note that this massive dropoff in their share did not result in more money for the less fortunate.
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