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The Long-Hours Luxury
American Magazine, by Tino Sanandaji

Original Article

Posted By:EagleBlurst, 8/4/2014 2:27:50 PM

The United States and most other industrialized countries have experienced a rapid increase in inequality since around the 1970s. Unsurprisingly, the discussion of inequality has become politicized. Some deny the increase in inequality entirely, in spite of overwhelming evidence. Others exaggerate the magnitude of inequality, for example by claiming that all income gains have gone to the rich. The estimates of income distribution by the Congressional Budget Office avoids several common methodological problems. The CBO adjusts for declining household size and uses a broader definition of income that includes pension and health care contributions by employers. Between 1979 and 2010

      


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Reply 1 - Posted by: Axeman, 8/4/2014 2:47:20 PM     (No. 9952997)

If you change the scale from, for example, 0 to 100 billion to 0 to 150 billion, the difference from the bottom to the top increases. That doesn´t mean there is more inequality. This is a stupid argument meant for LoFos.

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Reply 2 - Posted by: stablemoney, 8/4/2014 3:37:23 PM     (No. 9953075)

Obama and the socialist Democrats have spent the 8 years destroying the middle class. Obama has stated that this is his goal, so yes, that would leave the rich and the poor, the Democrats being the rich.

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The Long-Hours Luxury
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