Tuesday, August 17th, 2004

Income Gap

Coming at you from the American Sociological Assn. meeting in San Francisco once again. You might be asking, what exactly do sociologists do? Well as one example, we come up with studies like this: Income Gap Of Poor, Rich, Widens. Some excerpts:

The wealthiest 20 percent of households in 1973 accounted for 44 percent of total U.S. income, according to the Census Bureau. Their share jumped to 50 percent in 2002, while everyone else’s fell. For the bottom fifth, the share dropped from 4.2 percent to 3.5 percent. . . . New government data also shows that President Bush’s tax cuts have shifted the overall tax burden to the middle class from the wealthiest Americans.

Do we any more proof that this country is headed in the wrong direction?


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