Where does all the surplus in the U.S. economy go?
Well, a large chunk of it is captured by the top 1 percent, whose share of national income almost doubled between 1970 and 2014—from 11 percent to 20.2 percent.
Equally interesting is the composition of that growing share of national income, which we can decompose thanks to new data from Thomas Piketty, Emmanuel Saez, and Gabriel Zucman....Occasional Links & Commentary
Where does all the surplus go?
David F. Ruccio | Professor of Economics, University of Notre Dame