U.S. INCOME GAP SET POSTWAR RECORD
WALL STREET JOURNAL - The richest Americans' share of national income has hit a postwar record, surpassing the highs reached in the 1990s bull market, and underlining the divergence of economic fortunes blamed for fueling anxiety among American workers. The wealthiest 1% of Americans earned 21.2% of all income in 2005, according to new data from the Internal Revenue Service. That is up sharply from 19% in 2004, and surpasses the previous high of 20.8% set in 2000, at the peak of the previous bull market in stocks. . . The bottom 50% earned 12.8% of all income, down from 13.4% in 2004 and a bit less than their 13% share in 2000.
2 Comments:
"The wealthiest 1% of Americans earned 21.2% of all income in 2005"
I think it would be much more accurate to say that the wealthiest 1% got or kept 21.2% of all income. It seems unlikely that they actually earned it in any meaningful sense.
Bingo! You took the words right out of my fingertips.
I don't know whether such word choices as 'wealthiest...earned' represent a conscious, ongoing effort to propagandise us, or by now are the fruits of previous efforts, with writers putting out such propagandistic language without even being aware of what they're saying.
--Mairead
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