The Conservative Cave
Current Events => Economics => Topic started by: formerlurker on November 01, 2011, 01:12:27 PM
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The one chart that explodes the myth of US income inequality
By James Pethokoukis
November 1, 2011, 1:58 pm
Promoters of the income inequality meme — Occupy Wall Street, the Obama White House, liberal think tanks, “progressive†bloggers — typically point to data showing how “rich†households and families have been getting even richer vs. those in the middle class. But yet there’s no evidence of any significant change in income inequality among individuals as this gobsmacking chart from the must-follow Political Calculations blog shows:
(http://blog.american.com/wp-content/uploads/2011/11/1112011b1.jpg)
http://blog.american.com/2011/11/the-one-chart-that-explodes-the-myth-of-us-income-inequality/
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The little red "x" has me convinced, but I already believed in it.
Others might need a more detailed chart.
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That can't be right....it went up under Bush and down under Obama[DU/mode]
&%$^# I forgot...It's Bush's fault. :thatsright: