The Policy Consequences of the "Sticky" Character of American Political Institutions

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1. Top 1% Income Share: 1913 - 1998
   
   
   
   
2. Wealth Held by Top 1%: 1922-1998
   
   
   
   
3. Top Marginal Income Tax Rate: 1913 - 2003
   
   
   
   
4. Estate Tax Rate: 1916 - 2010
   
   
   
   
5. U.S. Income Distribution 1994

    Percent of   Cumulative Percent 
    Population       of Income
         0              0
        10             1.5
        20             4.8
        40            15.3
        60            31.3
        80            54.8
        90            71.8
       100           100.0
   

6. Gini Index: 1947 - 2000
   
   
   
   
7. Federal Budget in Real (2000) Dollars
   
   
   
   
8. The Growth of Entitlements for the Greedy Oldsters!
   
   
   
   
9. Federal Debt: 1940 - 2010
   
   
   
   
10. Monthly Statement of the Public Debt (December, 2006)
    
    
11. Social Security Will go in the Red in 2017
    
    
    
    
12. Social Security "Trust" Fund (as of 31 December 2006)
    
    
13. The Looming Military Crisis
    
    

       War              Dates       Population  Enrolled   Ratio    Deaths    Deaths
                                    (Millions) (Thousands)               (% of Population)
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    Revolutionary War 1775 - 1783       3.5       200.0     5.7       4,435     0.15
    War of 1812       1812 - 1815       7.6       286.0     3.8       2,260     0.03
    Mexican War       1846 - 1848      21.1        78.7     0.4      13,283     0.06
    Civil War         1861 - 1865      34.3     3,867.5    11.1     624,511     1.78
    Spanish-American  1898             74.6       306.8     0.4       2,446     0.003
    World War I       1917 - 1918     102.8     4,743.8     4.6     116,516     0.11
    World War II      1941 - 1945     133.5    16,353.7    12.2     405,399     0.29
    Korea             1950 - 1953     151.7     5,764.1     3.8      36,516     0.02
    Vietnam           1964 - 1972     204.9     8,744.0     4.3      58,152     0.03
    Gulf War          1990 - 1991     260.0     2,750.0     1.1         382     0.00015
    Iraq              2003 - 2007     300.0     2,000.0*    0.7       3,200*    0.0008
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