It’s not uncommon to hear that “we are losing the America we used to be,” and that we are evolving into this socialist nanny state where hard work and innovation are punished and failure is rewarded. That we are doing away with the ethic that made America the place of opportunity that it is/was/is ceasing […]
Tag: income disparity
Income Disparity and the Middle Class: A few Myths and Misconceptions
As noted countless times in this blog, the shift to a more supply-side (aka Reaganomics/trickle down economics) economy has not led to a stringer middle class. The disparity in wealth and income between the top 1% and everyone else (especially the bottom 4 quintiles) has only widened and left many of the lower quintiles barely […]