Friday, October 26, 2012

"Income Inequality"? Really?

You'll hear more about this.

...studies that measure income inequality largely focus on pretax incomes while ignoring the transfer payments and spending from unemployment insurance, food stamps, Medicaid and other safety-net programs. Politicians who rest their demands for more redistribution on studies of income inequality but leave out the existing safety net are putting their thumb on the scale....CFIF quoting WSJ

"Outcome-based" is not in the vocabulary of poverty pimps.

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