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If American Land were Distributed the way American Wealth Is

Juan Cole 10/27/2011

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The Congressional Budget Office confirms that the top 1% has tripled its income since 1979, while the upper middle class has increased its wealth much more modestly, and the rest of the country has seen only a small gain.

Just to be clear, the 1% are about 3 million, the 9% are about 27 million, and everyone else crowded into that little torrid strip is about 278 million.

courtesy http://27.media.tumblr.com/ tumblr_ltlc07b69D1qj171uo1_500.jpg

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About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires and The Rubaiyat of Omar Khayyam. Follow him on Twitter at @jricole or the Informed Comment Facebook Page

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