With apologies to Harper's Index

Percent of national income the richest 1% of the population took home in 1976: 9
Percent of national income the richest 1% of the population took home in 2006: >20
Last year in which the richest 1% of the population took home more than 20% of national income: 1928

(This from Robert Reich, link. Today's blog is also worth a read for those interested in the cuts vs. spending debate.) Tell me again, about how I should feel indignant about Obama wanting to increase taxes on the rich.