[lbo-talk] the top 1%

[Doug Henwood]

Oh yes, a footnote to yesterday's conversation about that WSJ piece on the risks of taxing the rich: one reason that state revenues are more exposed to what's going on at the top is that the top has greatly increased its share of income. In New York, one of the states listed, the richest 1% get 35% of all income, up from 10% in 1980.

Doug