Paul Krugman: Wealth over work

Not only don’t most Americans own businesses, but business income, and income from capital in general, is increasingly concentrated in the hands of a few people. In 1979 the top one percent of households accounted for seventeen percent of business income; by 2007 the same group was getting forty-three percent of business income, and seventy-five percent of capital gains. Yet this small elite gets all of the GOP’s love, and most of its policy attention.

— Paul Krugman: Wealth over work (The New York Times)