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Re:Top 1% take biggest income slice on record by ohazi on Tuesday September 10, 2013 @10:54PM (#6365216)
No, it isn't. Rent seeking is a zero sum game, but the productivity gains over the last 40 years have increased the size of the pie.
Re:Top 1% take biggest income slice on record by fewy on Wednesday September 11, 2013 @11:07AM (#6367636)
The pie we are looking at is in percent, the article stated that the top 1% took a bigger share of it than before. This means they took a bigger share of your productivity gains. But why argue about such things, it would be easier if you can show me a mathematical example where the top 1% take a bigger percentage of the pie yet the median increases. Let me know if you like the results you come up with.