New analysis by Emmanuel Saez finds U.S. income inequality persists amid growth in 2014 equitablegrowth.org/research/u-s-i… http://t.co/wfNMSp8iq5—
Equitable Growth (@equitablegrowth) July 05, 2015In the course of condemning top income growth, Emmanuel Saez and the Washington Centre for Equitable Growth showed once again that the top 1% are working rich. Their incomes go up markedly with the success of their businesses, and fall when their businesses fail.
Incomes of the top 1% & .01% dwarf bottom 99%, according to new research from Emmanuel Saez equitablegrowth.org/research/u-s-i… http://t.co/YLEYC5JBEU—
Equitable Growth (@equitablegrowth) July 03, 2015
The rise of the rentiers is nothing new. What is new is the degree of financial globalization and liberalization that has supercharged the fortunes of the super-wealthy even beyond robber baron levels. But it’s no mystery how to reverse this. It’s a matter of setting better rules for markets and taxing earners at the top a bit more.
In the course of a deranged rant against the entrepreneurs in society, the Atlantic collected an excellent set of information suggesting that the working rich have replaced rentiers as the super-rich. Rentiers are the idle rich. A rentier is a person or entity receiving income derived from patents, copyrights, interest, etc.
In The Evolution of Top Incomes: A Historical and International Perspective (NBER Working Paper No. 11955), Thomas Piketty and Emmanuel Saez concluded that:
While top income shares have remained fairly stable in Continental European countries or Japan over the past…
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Utopia, you are standing in it! 
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