There was a 10 year period when every elitist liberal (myself included) was shouting about how the big study by Piketty & Saez concluded income inequality is the worst it’s ever been in US history—and so we should tax everyone until it’s fixed.
And then a few years later, it was reported that the study didn’t control... See more
Nikita Bierx.comMost economic debates are about income , not wealth. When we talk about income taxes, or welfare benefits, or labor’s share of national income, we’re talking about the amount of goods and services that get created every year, and how those goods and services get allocated among the various people in a society. But in the 2010s, we saw a lot of... See more