The top 1% of earners in the United States—those who make at least $352K annually—earned 93% of the additional income created in 2010. While those folks saw an 11% increase in pay that year, the bottom 99% added just $80 to their annual income, which is barely enough for four liters of rye whiskey and a box of tissues.
These depressing figures come from the results of a report from two French economists discussed in Stephen Rattner's newest op-ed in the Times. Rattner was President Obama's former "car czar," which makes him a virulent socialist (although his involvement in NY State's pay-to-play pension fund scandal required him to pay $10 million to shut then-Attorney General Andrew Cuomo up).
A word to people dangling donuts in front of NYPD officers: there's plenty of fertile ground still available on the issue of income inequality.
