Forget About The Rich

"If we look across the rich nations, it turns out that there is no relationship between changes in income inequality and changes in the absolute incomes of low-end households. The reason is that income growth for poor households has come almost entirely via increases in net government transfers, and the degree to which governments have increased transfers seems to have been unaffected by changes in income inequality."

I have long wondered why people are so obsessed with inequality instead of just helping people have better lives.

Many people would prefer to be poorer themselves if they could just bring the rich down a few notches. I find that sad.

Lane Kenworthy
© 2017 · top ·