Referring to government officials and mainstream media that has been celebrating the theme of economic "recovery", he writes:
Here is the "recovery" that they see. The top 1% of income-earners in the US took 19% of the national income in 2012, the largest share since 1928. That 1% also saw their average income rise by 31.4% from the current crisis's low point in 2009, through 2012. The top 1% certainly enjoyed a recovery.And then proceeds to set the record straight by providing a lot more real information about how the "recovery" has affected us by starting with this fact:
In total contrast, income for the other 99% rose by an average of 0.4% during the same period.