os;s income is exploding.(Krugman, 64)
             Another way to analyze the growing income inequality in America is to look at the top 0.01 percent of taxpayers. This group of about 13,000 families has enjoyed the most growth in income and is widening the income gap the most. In 1970 these people accounted for 0.7 percent of total income. In 1998 that same group of the top 0.01 percent of taxpayers accounted for more than 3 percent of the total income. These 13,000 families earn almost as much money as the bottom 20 million families combined. (Krugman 65)
             During the time of between 1947 and 1973 America lived through a Golden Everyone was enjoying income growth no matter if they were in the poorest quintile of families or the wealthiest. The rate of growth was just about the same for all people. The annual growth rate for family income was between 2.4 and 3 percent. This meant that between 1947 and 1973 the income of every family just about doubled. Families that made $10,000 in 1947 were making $0,000 in 1973. Families that made $25,000 in 1947 were making $50,000 in 1973, those that made $50,000 rose to $100,000. It didn't matter what quintile you were in. Everyone enjoyed income growth. This all changed in the decades that followed. From 1973 to 1993 only the very rich enjoyed income growth comparable to that of the Golden Era. The two bottom fifths of American families experienced a decrease in income in the last two decades. The average family experienced only a small growth of 1.35% over the span of those twenty years. This small growth occurred while more and more women began working. This means that with more people working in the family the family still made just about the same amount of money.(Cassidy,3)
             The richest fifth of America's household naturally receives the most income. In 1973 they accounted for 43.6 percent of total income. This number increased to 48.2 percent by 1993. This means that the rich are gettin...