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The image shows a line graph depicting the share of income earned by the top 1 percent in seven different countries from 1975 to 2015. The United States has the highest percentage, starting at around 8% in 1975 and increasing to just over 20% in 2015. The United Kingdom follows a similar trend, starting at around 6% and rising to about 15%. Canada, France, and Japan have a more gradual increase, with Canada starting at around 8%, France at 8%, and Japan at 6%, all ending at around 10%. Italy and Germany have the lowest percentages, with Italy starting at 6% and ending at 8%, and Germany starting at 8% and ending at just over 10%. The data is sourced from the World Wealth and Income Database.
Given the complexity of the image, the above description may not be entirely accurate.
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The line chart shows how the share of income held by the richest 1% in seven developed countries changed over 40 years from 1975 to 2015.
Overal, the US had the highest share in 2015, while France had the least.
To begin with, in 1975, Japan had the lowest share about 7.5%, followed by Italy. The United States, Canada, and France were in the middle approximately 8%. Over the next 15 years, most nations’ shares stayed around the same, except for the United States which quickly increased to 12.8%.
In the last 25 years, most countries’ shares went up. The United States had the highest share in 1995 and kept increasing it to 18% in 2015. The UK’s share changed moderately, reached a peak of 15% in 2010 before ended at the same level as Canada and Germany in 2015 around 13%. Canada and Germany had similar shares to the United Kingdom in 2015, while the other three nations remained lower.
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