Hard Times for the 'One Percent'?

Tuesday, December 13, 2011

A trader reacts to the market downfall on the floor of the New York Stock Exchange at the closing bell August10, 2011. A trader reacts to the market on the floor of the Stock Exchange. (STAN HONDA/AFP/Getty)

Much has been made of the top one percent of American wage earners in recent headlines. The Occupy movements have made them the living embodiment of the nation’s growing income inequality. But, new federal tax data shows that the story may be slightly more complicated than we originally thought.

Louise Story, Wall Street and finance reporter for The New York Times, looks at income inequality and financial crises.

Comments [1]

listener

Is there a mendacious effort in the media to deliberately create a false narrative by constantly peddling the big lie that that those getting arrested at Occupy protests and the views and tactics they practice represent the vast majority of Americans?
Is this journalism based on facts or something else?

Dec. 13 2011 09:50 AM

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