The bottom 60% of the US income distribution receives more in transfer payments than it pays in taxes. The top 20% pay for virtually all government and transfer payments, testifying to great “government inequality”. Yet, a relevant question is which has a greater economic impact, “government inequality” or market inequality? The Top 20% Of US […]
Entries Tagged as 'Inequality'
January 18th, 2015 · Comments Off on The Top 20% Of US Earners Pay For All Transfer And Government
November 26th, 2014 · Comments Off on Envy Has Got Nothing To Do With It
Evidence is mounting that rising inequality is producing negative economic effects. These effects range from producing insufficient demand, financial instability, a decline in societal cohesion, trust and upward mobility. Those who are worried by these developments are not necessarily motivated by envy, nor do they want to abolish capitalism. What is necessary is a dispassionate […]
June 9th, 2013 · Comments Off on Rising inequality destroys the economy
I earn 1000 times the median wage, but I do not buy 1000 times as much stuff. My family owns three cars, not 3,000. I buy a few pairs of pants and a few shirts a year, just like most American men. Nick Hanauer via Rising inequality destroys the economy.
February 5th, 2013 · Comments Off on Rising Inequality and the Financial Crisis Revisited
Debate among the big beasts..