Stliglitz on the Richest 1%

Economist Joseph Stiglitz has a great article in Vanity Fair titled "Of the 1%, by the 1%, for the 1%": It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved