Income Inequality And Its Effects
The Occupy Wall Street movement has been largely organized around the idea that wealth distribution in the United States is unfair. And now a new analysis by the Congressional Budget Office appears to confirm one of their central complaints: that as most Americans struggle, the rich are getting exponentially richer. The CBO study found that between 1979 and 2007, the top one percent of Americans with the highest incomes have seen their incomes grow by an average of 275 percent. Joining us to talk more about income inequality and its effects are Boston University political science professor Graham Wilson and MIT political economy professor Michael Piore.