Monday 31 December 2012

Misplaced Fear & Loathing Over Income Inequality

Nick Gillespie, Reason
It's understandable because everywhere around us it seems as if top income earners"”those latter-day kulaks vilified as the "1 Percent"� by the Occupy crowd and populist politicians"”are gaining while the rest of us seem barely able to hang on to a lower-middle-class standard of living.It's misplaced because it glosses over strong evidence that the ability to rise above your starting place"”the American Dream, by most accounts"”is better than it was 40 years ago. log in or register to reply

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