A New York State of Inequality  Written by John Schmitt   
Wednesday, 15 December 2010 08:59 The New York based Fiscal
Policy Insitute has a great new report (pdf) out on rising
economic inequality in New York state and New York City. The FPI
researchers have used state income tax data to do a state-level
analysis of income concentration, modeled on the path-breaking
research by Thomas Piketty and Emmanuel Saez, who used IRS data
to look at national income inequality in the United States from
1913 to the present.  Here are just a few highlights. First,
over the last 30 years, economic inequality increased more
rapidly in New York state than it did in the economy as a whole,
and more rapidly in New York City than it did in New York state.
Source: Fiscal Policy Institute.  Second, the middle and the
bottom saw their share of total New York City income plummet
since 1990.  Source: Fiscal Policy Institute.  Third, the
increase in income inequality in the United States far outpaced
what has happened in other rich