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Archive Home > 2011 > December > 04 > Blaming, favoring 1 percent is not key to economic equality

Blaming, favoring 1 percent is not key to economic equality

By Lawrence Summers / The Bulletin
December 4, 2011

There has been a strong and troubling shift in market rewards for a small minority relative to the rewards available to most citizens.

A recent Congressional Budget Office study found that incomes of the top 1 percent of the U.S. population — adjusted for inflation — rose 275 percent from 1979....

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