There is another statistical trick with the numbers that biases the results in favor of measuring income gains for those at the very top of the income scale. When a poor person over time moves into the middle class or
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The welfare state has trapped generations in poverty. High tax rates are not an effective way to redistribute income. The minimum wage eliminates jobs for those at the bottom. In America today we have forty-five million Americans on food stamps
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This is why it is even wrong to speak of the “distribution” of income and wealth. Income and wealth are not distributed. Income and wealth are produced, and in a fair society that come into the world attached to the
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