the New York Times, "their work shows that the top earners in the United States have taken a bigger and bigger share of overall income over the last three decades with inequality nearly as acute as it was before the Great Depression."
Financial journalist Max Keiser, a former stockbroker, who now does hard-hitting financial shows on TV says deep inequality has been building for many years but has not been acted on:
...the inequalities in the US have been building up for decades, just recently they've reached really outrageous proportions - but you have to understand also that there's the inequality between the 1 per cent and the 99 per cent, but within the 1 per cent there's an inequality between the top 1 per cent of the 1 per cent and the bottom 99 per cent of the top 1 per cent and they're also at each other's throats trying to change laws and pass legislation to make it easier for them to make more money. So it's not really the 1 per cent, it's not there are a millions of people in the 1 per cent - you only need an income of something like $500,000 or $600,000 or $800,000 dollars a year to be in the 1 per cent.
Former Wall Street executive, and, briefly, President Obama's "Car Czar", Steven Rattner, goes even further, writing "New statistics show an ever more startling divergence between the fortunes of the wealthy and everybody else, and the desperate need to address this problem."
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