Stigmabase | North America

Income Inequality Isn't the Issue - Only because inequality of wealth is possible in our social order, only because it stimulates everyone to produce as much as he can and at the lowest cost, does mankind today have at its disposal the total annual wealth now available for consumption. Were this incentive to be destroyed, productivity ...

Trump's new chief economist is known for arguing that US inequality isn't an issue - He is also an inequality skeptic. “Today we hear that the gains from economic growth accrue to the highest-income earners while the standard of living of the poor and middle America stagnates and the gap between the richest and the poorest grows ever wider,” wrote Hassett in the Wall Street Journal in 2012, “That portrait of the country is wrong.”

“The issue of income inequality in the U.S. isn't really a revelation, but our analysis shows that when you factor in inflation inequality, income inequality ... View article...