We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Saturday, August 25, 2012

Who are the 1 percent in the USA and how much do they make? (2 charts)

Click here to access article from Real-World Economics Blog. 

The brief article just shows two self-explanatory charts to answer the headline questions. The second chart (reproduced below) is much more revealing than the first one. The first chart obscures the source of their income, and raises the question if the occupational incomes include investment income (capital gains).