Web Reading List #10 [10-03-2013]

Enron billionaire’s diabolical plot to loot worker pensions
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The global upper class makes 32 times as much as the global lower class
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Rising wealth-to-income ratios, inequality, and growth
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The American dream has become a burden for most
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America’s Jobless Generation
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Crumbling American Dreams
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U.S. Textile Plants Return, With Floors Largely Empty of People
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In Mississippi, America’€™s most revolutionary mayor

Income Share of the Top 1 Percent, 1913-2012 (annotated with events and policy landmarks)

Income share top 1%This graphic adds an annotated political history to the iconic (and recently-updated) Piketty and Saez data on top income shares in the U.S. The events and legislative landmarks listed here are representative rather than exhaustive. And they are meant to suggest broad policy shifts rather than direct causal relationships. But the pattern is nevertheless clear. The share of the top one percent rose during eras of tax cutting, light financial regulation (or deregulation), and labor weakness. And inequality narrowed when policy pushed in the opposite direction.

Click above anywhere to go to the bigger interactive graphic on cepr’s site