"What Real Class Warfare Looks Like"

"As background, it helps to know what has been happening to incomes over the past three decades. Detailed estimates from the Congressional Budget Office—which only go up to 2005, but the basic picture surely hasn’t changed—show that between 1979 and 2005 the inflation-adjusted income of families in the middle of the income distribution rose 21 percent. That’s growth, but it’s slow, especially compared with the 100 percent rise in median income over a generation after World War II.
"Meanwhile, over the same period, the income of the very rich, the top 100th of 1 percent of the income distribution, rose by 480 percent. No, that isn’t a misprint. In 2005 dollars, the average annual income of that group rose from $4.2 million to $24.3 million.
"So do the wealthy look to you like the victims of class warfare?"

Paul Krugman explains who has what in The New York Times.