Income Inequality In Wisconsin At Highest Level Since Great Depression

[workinclasszero]

Income Inequality In Wisconsin At Highest Level Since Great Depression
New Report Says Top 1 Percent Makes 19 Times The Average Worker
Wednesday, August 30, 2017, 4:30pm By Danielle Kaeding

Wisconsin is seeing a growing income gap between its top-earners and the average worker, according to a report released earlier this month from the Wisconsin Budget Project and the Center on Wisconsin Strategy (COWS) in Madison.

The richest 1 percent in Wisconsin made -- on average -- 19 times as much as everyone else in 2014, according to Laura Dresser, associate director for COWS. Most people in Wisconsin made less than $50,000 a year on average while the top 1 percent brought in around $933,000 each year.

Dresser said the state hasn't seen such striking levels of inequity since the Great Depression.

"We're on this upward escalator of inequality," she said. "The U.S. is more unequal than we are, but we’re going right up behind it and back up to the levels that were set in 1929."


https://www.wpr.org/income-inequality-wisconsin-highest-level-great-depression

[leftstreet]

1. DURec

Cornelius said the state should also examine making income tax rates more equal between top earners and low-income residents.

What a shocking suggestion!

Thanks for posting

[workinclasszero]

2. How much longer can this go on I wonder?

Dump and his party are trying to get a big tax cut for the 1% even as we speak!

[Eliot Rosewater]

3. Anybody remember this?

The woman in the video has 3 billion in the bank and she works day and night to make sure working people do NOT have unions.

That is what she dedicates her life to.

They colluded, as you can see.