Word: richest
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Dates: during 1980-1989
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...point this mutual omission became all too obvious. Lindsay trumpeted the fact that the median family income in the United States has risen by $200 over the last eight years. Kuttner responded that while the richest 30 percent of the population did gain, the bottom 70 percent lost...
Meanwhile, for the richest 1% of all families, income has rocketed 74%, from $174,000 a year to $304,000. By some estimates, the U.S. has a million millionaires (defined as someone who has a net worth of at least $1 million). Says California Democratic Congressman George Miller, who chairs a committee that deals with family problems: "We are creating a dumbbell. The poor are poorer, and there are more of them. The rich are richer, and there are more of them...
...from interest, dividends and rent. The result: according to a Congressional Budget Office study, only the top 10% of the population received a significant net tax cut between 1977 and 1988; most of the other 90% paid a higher share of their incomes to Washington. At the extremes, the richest 1% got a net tax savings of 25%; the poorest tenth of workers saw 20% more of their incomes swallowed by taxes...
...believed to have been substantial, perhaps even comparable to the influence of the Egyptians on Mediterranean cultures. Moche experts ranked the Peruvian find with the discovery of King Tutankhamen's tomb in 1922. Said Anthropologist Christopher B. Donnan of the University of California, Los Angeles: "This is the richest tomb ever excavated in the Western Hemisphere...
Obviously, financial donations to Harvard are crucial to maintaining its position as the nation's premier institution of higher learning--not to mention the nation's richest. But if officials give into the temptation to sell bits and pieces to the highest bidder, how can the University maintain any institutional independence and ethical integrity? And how can Harvard preserve its newfound status as an institution based on merit and no longer just status and wealth...