USA – GINI Coefficient since 1900

This chart (it’s linked to an interactive webpage) shows how income and wealth inequality in America dropped significantly in the 1930s and reached their lowest point in the 1960s and 1970s after Democratic economic populist Presidents FDR and LBJ enacted aggressive anti-poverty programs and while top marginal income tax rates were well in excess of 50%.  A truly golden economic time for working Americans that came to an end during the Reagan administration when the “Great Communicator” slashed social welfare programs and taxes on the rich.  Things have only gotten worse.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published.