Link: https://www.wsj.com/articles/incredible-shrinking-income-inequality-11616517284?mod=hp_opin_pos_3
Relevant Image:
Reddit Discussion Link: https://www.reddit.com/r/TheMotte/comments/maglnf/culture_war_roundup_for_the_week_of_march_22_2021/grydk4f/?utm_source=reddit&utm_medium=web2x&context=3
Notes:
From the discussion link, “Phil Gramm and John Early published an op-ed in the Wall Street Journal, claiming that income inequality in US has actually remained more or less the same since the ‘70’s, once we take income transfers into account (i.e., subtract the taxes, and add direct government benefits).”
