If you draw a trend line for the top 1 percent, we see during economic crashes their income returns to that line. This suggest the top 1 percent's income is in another ginormous bubble.
As far as the chart. Look closely at the top 1% line at the end of Clinton's two terms
Yes, look at the chart. What happened at the end of Clinton's second term?
Another bubble. The infamous "tech bubble". And then the chart shows you what happened after the bubble popped. The 1 percenters' income reverted back to the trend line.
The one percent graph has wider variations because much of their income is dependent on stock market gyrations. However, they do follow a trend line, and not even their income kept up with inflation.
Got that?
Not one single income group's income has kept up with inflation!
None.
Stop being a piss drinking class warrior and look at the bigger picture.
We have
a serious debt problem that is choking the entire economy FROM TOP TO BOTTOM.
Are you really that stupid? That's when George W. Bush cut taxes, not once but two times, 2001 and 2003. Clinton left a balanced budget with surpluses reaching far enough into the future to completely settle the national debt. The the goddam Republican did one of their tax cuts for the rich deals...
..........................Total U S Debt...........................
09/30/2014 $17,824,071,380,733.82
09/30/2013 $16,738,183,526,697.32
09/30/2012 $16,066,241,407,385.89
09/30/2011 $14,790,340,328,557.15
09/30/2010 $13,561,623,030,891.79
09/30/2009 $11,909,829,003,511.75
(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62(
Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86
(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43
(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion
)(Reagan Slashed Tax Rates To Pre Depression Levels)
09/30/1981 $997,855,000,000.00