One Percenters' Income Nearly Tripled In Last Three Decades

Wednesday, October 26, 2011 One Percenters' Income Nearly Tripled In Last Three Decades The last 30 years have been very good to the rich. Income for the wealthiest Americans has nearly tripled since 1979, while remaining relatively stable for the rest of the country, according to figures released this week by the Congressional Budget Office. The numbers offer a striking illustration -- the latest one in a long series -- of how wide the gap has grown between America's richest citizens and everyone else. Snotty Toward Zuccotti: Media Strains To Lampoon Protesters GRAPHIC: How Much Big Corporations Pay In Taxes BofA CEO 'Incensed' People Don't Realize 'How Much Good' They Do SEC Backs Off Stricter Financial Rule After Industry Objections BLOG POSTS Rep. David Cicilline: Fighting Back: My Bill to Prohibit Fees on Debit Cards Charging hardworking families a monthly fee for them to use their own money to purchase ordinary necessities is outrageous and it needs to stop. Peter Z. Scheer: 10 Non-Jobs: Career Alternatives in a Broken Economy The economy is getting better. Didn't you notice? We're in a "technical recovery," which is economist jargon for "screw you." So here are 10 survival schemes, ranging from adventurous to asinine. Robert Reich: Wall Street Is Still Out of Control -- Obama Should Call for Glass-Steagall and a Breakup of Big Banks Next week President Obama travels to Wall Street where he'll demand that financial regulations be strengthened and big banks be broken up. I'm kidding. But that would be a smart move -- politically and economically. Carl Rush: Using Trash to Help Secure America's Energy Future We have an overly narrow view of what constitutes renewable energy. Solar and wind energy are without question part of the solution to our reliance on fossil fuel. But so is trash. Richard Barrington: Were Savings Account Rates Any Lower in the 1930s? Could conditions for interest rates on savings accounts get any worse today than they were in the 1930s? If you factor in both interest rates and inflation, they already are.

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