Mohun analysed US income tax returns and divided taxpayers into those who could live totally off income from capital (rent, interest and dividends) – the true capitalists, and those who had to work to make a living (wages).
He compared the picture in 1918 with now and found that only 3.8% of taxpayers could be considered capitalists, while 88% were workers in the Marxist definition. In 2011, only 2% were capitalists and near 84% were workers.
The ‘managerial’ class, ie workers who also had some income from capital (a middle class ?) had grown a little from 8% to 14%, but still not decisive.
Capitalist incomes were 11 times higher on average than workers in 1918, but now they were 22 times larger.
The old slogan of the 1% and the 99% is almost accurate.
DANGER: CAPITALISTS AT WORK
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[March 14, 2018 Colin Gordon; Inequality.org: Excerpt]
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