20% of Americans are in the Top 2%

For years I’ve been arguing that income distribution data is meaningless for all sorts of reasons. One is that it treats capital income and wage income as being equivalent. A second problem is the life cycle issue—I’ve been in all 5 quintiles at various times in my life, but I’ve never really been anything other […] View the full post at: 20% of Americans are in the Top 2% Related posts: Inequality: A Problem? 11 Percent of Americans Living on Food Stamps What Republicans Ought to Bargain For (Part II)