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After adjusting for takes and wealth transfer payments, it doesn't appear to be. In fact there is less OF IT THAN 50 YEARS SGO.
It's a great populist talking point to stir up class resentment and get votes though.
Opinion | Incredible Shrinking Income Inequality
Its rise is an illusion created by the Census Bureau’s failure to account for taxes and welfare.
www.wsj.com
It's a great populist talking point to stir up class resentment and get votes though.