About this item
The issue of inequality has irrefutably returned to the fore, riding on the anger against Wall Street following the 2008 financial crisis and the concentration of economic and political power in the hands of the super-rich. The Occupy movement made the plight of the 99 percent an indelible part of the public consciousness, and concerns about inequality were a decisive factor in the 2012 presidential elections.How bad is it? According to Pulitzer Prize-winning journalist David Cay Johnston, most Americans, in inflation-adjusted terms, are now back to the average income of 1966. Shockingly, from 2009 to 2011, the top 1 percent got 121 percent of the income gains while the bottom 99 percent saw their income fall. Yet in this most unequal of developed nations, every aspect of inequality remains hotly contested and poorly understood.
About the Author
David Cay Johnston, a Pulitzer Prize-winning reporter for The New York Times, has hunted down a killer the police failed to catch, exposed LAPD abuses, caused two television stations to lose their licenses over news manipulations, and revealed Donald Trump's true net worth. He has uncovered so many tax dodges that he has been called the "de facto chief tax enforcement officer of the United States." His last book, Perfectly Legal, was a New York Times bestseller and honored as Book of the Year by the journalism organization Investigative Reporters and Editors. Over his forty-year career he has won many other honors, including a George Polk Award.