Let me begin by proving that income inequality in fact exists. After nearly thirty years of broad-based prosperity wherein the incomes of virtually all Americans grew at around 2.5% annually, a new growth pattern emerged after 1979 that had not been seen since the Gilded Age.
Mar 11, 2011
When it comes to income inequality, the left argues that since 1979 the top ten percent of taxpayers are making an unfairly large portion of total U.S. income. This narrative is advanced by the widely accepted work of Thomas Piketty and Emanual Saez, showing that “the top 1 percent of Americans now receive 15 percent of all income, up from about 8 percent in the 1960s and 70s.”
Posted by David Weinberger
Mar 10, 2011
Hello and welcome to Voices of Reason. The purpose of this blog is for its contributors, David Weinberger (a conservative) and Tim Mitchell (a liberal), to debate any and all current-day issues, ranging from social policy to economic policy to foreign policy, or anything in between.
Posted by Voices of Reason