Friday, October 19, 2007

Judith Warner: The Clinton Surprise

...The “we” world of Tucker Carlson knew what they knew about Hillary Clinton — right up until about this week, I think — because they spend an awful lot of time talking to, socializing with and interviewing one another.

What they don’t do all that much is venture outside of a certain set of zip codes to get a feel for the way most people are actually living.

Looks like the conventional wisdom is neither conventional nor wise. The rich get richer, the poor get children.

...America’s most wealthy earn an even greater share of the nation’s income than they did in 2000, at the peak of the tech boom. The wealthiest 1 percent of Americans, the Wall Street Journal reported, earned 21.2 percent of all income in 2005 (the latest date for which these data are available), up from the high of 20.8 percent they’d reached in the bull market of 2000. The bottom 50 percent of people earned 12.8 percent of all income, compared with 13 percent in 2000. And the median tax filer’s income fell 2 percent when adjusted for inflation (to about $31,000) between 2000 and 2005.

Good column in this morning's NY Times.
Hundreds of comments if anyone has time to read them. And they're not the usual tripe. Some fluff but a lotta good stuff.

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