This post first appeared at Mother Jones.
We’ll be posting a new chart on the current state of income inequality every day for the next couple of weeks. Our last installment looked at stagnating middle-class incomes.
Today, we look at both sides of the income split and how they’ve traded places. For the first time in a century, the top 10 percent of Americans control more than half of all income. If this trend persists, predicts economist Thomas Piketty, their share will rise to 60 percent by 2030.