This show covers big money, income equality, and the bliss of ignorance.
I start with data from a report called Income Inequality by State, and it ain’t pretty. Some startling facts about Michigan:
- We’re the 15th most unequal state when it comes to income
- The top 1 percent in Michigan took home 25 times more than the bottom 99 percent in 2012
- 1% took 82% of income growth in MIchigan since 2009 (recovery from great recession)
- In four states (Nevada, Wyoming, Michigan, and Alaska), only the top 1 percent experienced rising incomes between 1979 and 2007, and the average income of the bottom 99 percent fell.