Are you a 1 percenter? | Arkansas Blog

Sunday, January 15, 2012

Are you a 1 percenter?

Posted By on Sun, Jan 15, 2012 at 7:50 AM

The New York Times has a handy infographic in which you can plug in your family income to determine in which percentile you fall, not just nationally, but by state and metro area. Nationwide, the top 1 percent make more than $383,000. But you can be a 1 percenter in Arkansas as a whole with family income of $254,000. In the Little Rock metro area, $309,000 in family income makes you a 1 percenter.

For more sobering information, plug in some random numbers in the chart to see how little many get by on. For example, in Arkansas, 43 percent have family income — family income — below $30,000 a year. You're in the upper third of all Arkansas families if you and your spouse make $50,000 or more.

AND SPEAKING OF INCOME INEQUALITY: The Times' conservative op-ed columnist Ross Douthat has a pretty good one on how the U.S. economic model moved toward higher productivity and greater corporate efficiency, with some painful results for the working class. This is what Bain Capital did. It was no job creator of any magnitude, but that wasn't its purpose, profits were. This generally was a good thing, Douthat argues. But he at least has a dose of compassion missing from Mitt Romney.

Still, just because the private equity revolution was necessary doesn’t mean that it was an unmitigated good. And for Mitt Romney to frame criticisms of Bain as just “the bitter politics of envy,” as he did last week, displays a tone-deafness that could cost him the presidency. No one — and certainly no politician — who has profited so immensely from an age of insecurity should ever appear to be lecturing the people who’ve lost out.

Tags: , , , ,

From the ArkTimes store

Favorite

Comments (28)

Showing 1-28 of 28

Add a comment

 
Subscribe to this thread:
Showing 1-28 of 28

Add a comment

More by Max Brantley

  • What those Confederate monuments are about: Slavery

    The Democratic Party has likely chosen a political loser in a call for removal of Confederate memorials from public grounds, but it doesn't mean the sentiment is wrong. They are tributes to the fight to preserve slavery, no more or less.
    • Aug 18, 2017
  • Arkansas unemployment rate remains at record low

    The unemployment rate in Arkansas in July was again 3.4 percent, a record low level in place since May. The labor force added more than 9,000 jobs.
    • Aug 18, 2017
  • Arkansas competes for auto plant

    USA Today reports that Arkansas is one of 15 states vying for a $1.6 billion auto plant, a joint venture by Toyota and Mazda that could employ 4,000.
    • Aug 18, 2017
  • More »

Readers also liked…

  • Jason Rapert vs. Wikipedia

    Sen. Jason Rapert against the world: Wikipedia edition.
    • Jan 23, 2016
  • Baseball fans have a new place to stay

    If you missed out on Razorback baseball home games this year because you couldn’t find a great place to stay, your problem is now solved: Staybridge Suites of Fayetteville is now fully renovated and located directly across from Baum Stadium, with free parking for hotel guests.
    • May 22, 2017
  • Super Bowl line

    Over to you.
    • Feb 7, 2016

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation