As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.
C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent.
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This comes on a day when Alan posts a solution to the homeless problem.
S.F. Gate features a home for sale today for $2.75 million. It is lovely with its five bedrooms and five baths.
In case you're wondering the icon is of the "Banker's Heart" in SF.