Historical US Income Inequality – Visualized
Starting less than ninety days ago the OWS/99% movement has changed the political narrative in the US. Naturally this earns the movement some enemies of both the overt and subtle types. Trying to divide the movement into a young vs. old framing (which coincidentally abets Alan Simpson’s “Greedy Geezer” theory) is garbage because the historical income data doesn’t bear that out.
The problem is top-down, not young-old. Here’s an animation of historical income inequality. I also run a projection for the income groups if the rules-of-the-income-road were the same for all groups as the top 5%. (Best viewed in full-screen.)