The 1 percenters targeted by those leading the Wall Street occupation had a profitable run between 1979 and 2007. Their average after-tax income grew 275 percent in that period, while income for the 60 percent of the population in the middle of the earning scale grew by just under 40 percent.
That’s the news from a report published by the Congressional Budget Office this month. Researchers said an increase in the share of income coming from capital gains-profits made on investments-played a substantial role in the overall increase. And of course, all of this occurred during the period in which participation in the derivatives market-the favorite golden goose of modern investors-grew astronomically.
Meanwhile, German researchers ranked the U.S. as the 27th least ‘socially just