Income inequality is growing in America, and it has much of the chattering class in an uproar. Between 1981 and 2011, the share of income (including capital gains, but excluding government transfers) of the highest earning one percent increased from 8.9 to 19.9 percent of the total, according to data provided by Emmanuel Saez of the University of California at Berkeley, who has analyzed Internal Revenue Service (IRS) statistics on this topic. Because this rise followed decline in the top one percent’s share of income from 21.1 percent to 8.9 percent between 1928 and 1981, many have called for policy intervention.
To read the original article: The Role of Entrepreneurship in Rising Income Inequality
