New York City's extreme rich-poor income divide

The New York Post reports:

New York luxury apartments tower over nearby low-income housing projects -- a sign of what researchers see as a widening chasm between the city's rich and poor.

Income gaps in New York are greater than those of any other big American city, and have been trending higher for decades, says a study by the Fiscal Policy Institute.

One percent of New York City residents earned nearly 45 percent of the city's income in 2007. Nationally, the top 1 percent of earners took about 23.5 percent of all income, the study says.

Gee, and they have a city income tax because that's supposed to make things egalitarian. Great moments in Blue America.