Typhoon wrote:.
Will all depend on the US economy in 2018 and 2020.Mr. Perfect wrote:.
Lol, Lyundsey Graham, "Republican".
Lol, Azari, I want you to explain how alizathen Warren becomes President.
GOP will win 10 Senate Seats in 2018, Trump wins re-election with 55% of the vote. FYI.
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Inequality in America worse than in China
.In a paper published by the National Bureau of Economic Research, economists Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman found that inequality in both the U.S. and China has grown rapidly over the past few decades.
In China, the top 1 percent earned 13 percent of personal income in 2015 — double their share in the 1980s.
In the U.S., the top 1 percent earned 20 percent of income. That's also roughly double the level from the 1980s.
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According to the research, the incomes of the bottom 50 percent in China (those earning less than $9,280, using purchasing power parity-adjusted exchange rates) fell from 27 percent in 1978 to 15 percent.
In the U.S., the bottom 50 percent (those with annual incomes below $36,000) have seen a "complete collapse" in their share of national income. Between 1978 and 2015, their share of income went from 20 percent to 12 percent — 3 points lower than China's.