Income Inequality

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2020, Fed: Income Inequality Narrowed Slightly Over Last 3 Years

https://www.newsmax.com/finance/streettalk/fed-income-inequality/2020/09/28/id/989236/

[Let’s see, who was the U.S. President during those three years? Hmm…]

and…

“Statistics like these portray an alarming situation, but the situation becomes far less alarming when we observe people rather than statistical units. ‘Households,’ as a leading economist has explained, consist of fewer income earners today than they did 30 years ago, so if a household consisting of two earners today makes the same money as a household consisting of three earners 30 years ago, the reality is a 50 percent increase in per capita income. In fact, per capita income during the past several decades increased by 51 percent. But that gain is considered ‘stagnation,’ according to household data.”

http://thefederalist.com/2017/05/25/dont-income-inequality-problem-egomania-problem/

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Debunking The Income Inequality Fallacy

http://thefederalist.com/2016/09/09/debunking-the-income-inequality-fallacy/

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2015: “[B]oth the rich and the poor are in fact becoming richer.”

https://www.humanprogress.org/senator-sanders-and-the-fixed-pie-fallacy-1/

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2013: Has Income Inequality Really Risen? Short Answer: No.

http://www.economics21.org/research/has-income-inequality-really-risen-0

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The Mystery of Wealth Inequality, Explained

http://dailysignal.com//print?post_id=305702

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Nope, The Evidence Still Says Income Inequality Is Not A Problem
Women don’t have to work to support their families, houses are not more expensive, college costs aren’t related to wage decreases, and wages have not stagnated since the 1970s.

http://thefederalist.com/2017/06/27/nope-evidence-still-says-income-inequality-not-problem/

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“Americans’ perceptions of income inequality are largely over-inflated when compared with actual census data…“

http://www.sciencedaily.com/releases/2013/12/131216080504.htm

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The inequality illusion

https://www.aei.org/articles/the-inequality-illusion/

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‘Income Inequality’ — The Biggest Lie of All

http://pjmedia.com/rogerlsimon/2013/12/09/income-inequality-the-biggest-lie-of-all/?print=1

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Responding to challenges made against exposing income inequality myths

https://www.aei.org/economics/responding-to-derek-thompson-on-income-inequality/
&
https://www.aei.org/economics/responding-to-david-frum-on-income-inequality/

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Piketty and Saez vs. Burkhauser and Cornell: Who’s right on income inequality and stagnation?

https://www.aei.org/economics/piketty-and-saez-vs-burkhauser-and-cornell-whos-right-on-income-inequality-and-stagnation/

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Sorry Krugman, Piketty and Stiglitz: Income inequality for individual Americans has been flat for more than 50 years

https://www.aei.org/carpe-diem/sorry-krugman-piketty-and-stiglitz-income-inequality-for-individual-americans-has-been-flat-for-more-than-50-years/

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Inequality Myths

http://www.cato.org/publications/commentary/inequality-myths

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The Poverty of Income Inequality

https://archives.frontpagemag.com/fpm/poverty-income-inequality-daniel-greenfield/

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No, This Report Doesn’t Prove Income Inequality Slows Economic Growth

http://dailysignal.com/2014/08/13/study-doesnt-prove-income-inequality-slows-economic-growth/

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Five Things Everyone Needs to Know about Income Inequality, and What We Can Do about It

http://blog.tifwe.org/five-things-christians-need-to-know-about-income-inequality/

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Ignoring an Inequality Culprit: Single-Parent Families
Intellectuals fretting about income disparity are oddly silent regarding the decline of the two-parent family

http://online.wsj.com/news/articles/SB10001424052702303603904579493612156024266

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The Biggest Reason For Income Inequality Is Single Parenthood

http://www.forbes.com/sites/theapothecary/2014/11/19/the-biggest-reason-for-income-inequality-is-single-parenthood/print/

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“Here is the real war on women: In the U.S., when single women work and are considering marriage, higher rates discourage marriage. Sometimes high tax rates result in women quitting the workforce altogether.“

http://www.marketwatch.com/story/its-women-who-suffer-most-from-the-marriage-penalty-2014-04-18

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Upward Mobility Has Not Declined, Study Says

http://www.nytimes.com/2014/01/23/business/upward-mobility-has-not-declined-study-says.html?hpw&rref=business&_r=2

and…

“… we tend to measure only realized outcomes, when a more appealing philosophical approach would focus on opportunity.“

http://www.aei.org/papers/economics/measuring-inequality-one-size-does-not-fit-all/

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MinimumWage

[ASND thanks Wintery Knight for that image.]

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The Minimum Wage:

See this page .

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Obama’s Misguided Obsession With Inequality

He uses statistics that ignore taxes and transfer payments. Faster growth is what the poor really need.

http://online.wsj.com/news/articles/SB10001424052702303773704579269990020773098#printMode

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Obama: Wrong About Income Inequality

Are the rich getting richer? Yes.

Are the poor getting poorer? No.

http://reason.com/archives/2014/03/17/obama-wrong-about-income-inequ/print

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The Real Pay Gap: In the new economy, just about everyone is worse off

http://www.nationalreview.com/node/375467/print

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Why We Should Wage a War on Immobility Instead of Inequality

http://www.economics21.org/commentary/why-we-should-wage-war-immobility-instead-inequality

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“This metric suggests that economic inequality has diminished slightly, rather than increased [over the last 25 years].“

http://www.realclearmarkets.com/articles/2012/03/08/the_misleading_tale_of_income_inequality_99555.html

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“… the big point here… is that [U.S. income] inequality hasn’t exploded. The top 1 percent aren’t doing abnormally well by U.S. historical standards. And that if you want to go back to the Gilded Era of equality, you need to time travel to the 1930s and 1970s—two of the worst decades ever for the U.S. economy.”

http://blog.american.com/2011/11/the-chart-that-closes-the-case-on-the-inequality-myth/

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“… [U.S.] income inequality has increased somewhat in recent decades, but not exploded; b) that increase is natural given technology and globalization…“

http://blog.american.com/2011/10/7-reasons-why-obama-is-wrong-on-income-inequality/

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“… [tax] policies aimed at making America more equal by targeting ‘the rich’ are likely to be ineffective, not only because they are aiming at a moving target, but also because so many of these common traits stand outside the bounds of tax policy.“

http://taxfoundation.org/article/who-are-americas-millionaires

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“The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us.“

http://www.cnbc.com/id/48257611

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“… consumption inequality has increased only marginally since the 1980s. Further, consumption inequality narrows in periods of recessions, such as during the 2007–2009 recession.“

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“… the [income] inequality has [in fact] not widened significantly.“

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“Even in a statistical sense, there is a trend toward narrowing the consumption gap between low-income and other households.“

http://www.aei.org/files/2012/06/25/-a-new-measure-of-consumption-inequality_142931647663.pdf

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“We will show that much of what has been reported about income inequality is misleading, factually incorrect, or of little or no consequence to our economic well-being. We will also show that middle-class incomes are not stagnating; in fact, middle-class incomes have risen significantly over the 29 years covered by the [recent] CBO study.”

http://www.hoover.org/publications/policy-review/article/123566

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The Inequality Fetish

http://www.nationalreview.com/blogs/print/303683

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“… as the income gap between rich and poor families has widened, so has the educational-achievement gap between their children…”

http://www.nationalaffairs.com/doclib/20120320_Wehner_Beschel_Indiv.pdf

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“… [health] inequality has declined dramatically [in the U.S.] over the past century [without Obamacare]. It has continued to decline even in the past 40 years, a period over which it is generally thought that income inequality has risen considerably.“

http://www.aei.org/files/2012/11/19/-slavov-an-alternate-perspective-on-health-inequality_160913166704.pdf

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Poor and Middle Class Incomes Have Increased Significantly

http://www.economics21.org/commentary/poor-and-middle-class-incomes-have-increased-significantly

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Income Inequality: ‘The Defining Challenge of Our Time’

http://www.americanthinker.com/blog/2013/12/income_inequality_the_defining_challenge_of_our_time.html

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Not All Black and White: The Factors Behind Racial Inequality Stats

http://pjmedia.com/blog/not-all-black-and-white-the-factors-behind-racial-inequality-stats/?print=1

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“The actual [inequality] gap is between the nonproductive rich — politicians and bureaucrats — on the one hand and on the other the productive of our nation that are the victims of over a trillion dollar heist.“

http://www.americanthinker.com/2013/12/the_trillion-plus_heist.html

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5 Ways the Liberal Obsession With Income Inequality Hurts the Poor

http://townhall.com/columnists/johnhawkins/2014/01/04/5-ways-the-liberal-obsession-with-income-inequality-hurts-the-poor-n1771728/print

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“Inequality itself is not a particularly potent predictor of economic mobility…“

http://www.theatlantic.com/business/archive/2014/01/if-you-really-care-about-ending-poverty-stop-talking-about-inequality/282906/

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Why We Should Wage a War on Immobility Instead of Inequality

http://www.economics21.org/commentary/why-we-should-wage-war-immobility-instead-inequality

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Income Inequality and the NBA: Why not redistribute players’ salaries? Or other people’s incomes?