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How the top 0.1 percent inflates the 1 percent

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The top 1 percent of U.S. earners have roughly doubled their share of income over the past 30 years, from 10 to 20 percent. But few Americans understand what's behind the rise of the 1 percent. The short answer is: The 0.1 percent. Their share of U.S. income has tripled from roughly 2 percent in 1979 to 6 percent in 2012, with average earnings and capital gains of $3.6 million. The higher up...

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