“Growth” in “Real” After-Tax Income

The Economist gave a nod to the 99% by way of some numbers from the Congressional Budget Office that make you go, “Ouch.”  Those are some tough percentages to defend.

But how do you stop it from being easier to make a lot of money when you have a lot of money?

[graph from the CBO’s Trends in the Distribution of Household Income Between 1979 and 2007 (PDF)]