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Super Rich Control More Of The Economy Even After The Recession

Tuesday, February 22, 2011 - 6:06 AM
It looks like CNNMoney.com is running a series of articles on income inequality in America. I reported on one of these last week. Here's a new article in this series. According to the article:
The top 0.1% -- those who make at least $2 million each year -- controlled 10% of the economy.

The article reviews some potential reasons why the gap between the super rich and everyone else has widen. Deregulation was cited as an important cause which created more of a "trickle-up" effect rather than a "trickle-down" effect.

The recession did impact the wealth of the super rich, but the article claims that the super rich have recovered much quicker than everyone else.
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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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