Myth: the gap between rich and poor is growing in America.
This idea shows up all the time, and you can bet you'll hear it as the smear campaign against capitalism that's going on now accelerates into attacks on Romney*. The guys at the Political Calculations blog took advantage of the Census Bureau data to show just how much it has changed. The calculation is called the Gini Coefficient or Gini Index, and the value for the US since 1994 looks like this:
hear all the time; toward more equal incomes. What about before 1994? Ivan Kitof has done a similar analysis that goes back to 1947 (rather dense and chunky pdf here) that shows very similar trends. His conclusion:
In fact, the Gini curve associated with the fine PIDs is a constant near 0.51 between 1960 and 2005 despite a significant increase in the GPI/GDP ratio and the portion of people with income during this period (see Figure 1). This is a crucial observation because of the famous discussion on the increasing inequality in the USA as presented by the Gini coefficient for households (US CB, 2000). Obviously, the increasing G for households reflects some changes in their composition, i.e. social processes, but not economic processes as defined by distribution of personal incomes.Taking his lead in the last sentences, if you do the same calculations to look at Gini Coefficient for families and households, you see a slight difference:
So the policies that cause the destruction of the family - policies the left adores - lead to what little evidence there is for the income inequality they complain about. I have a better idea: stop trying to destroy the family.
* Obligatory disclaimer about Romney. The other day I wrote
The difference between Romney and Obama is pretty much like the difference between getting run through the abdomen with a machete and left to bleed out, or a double tap through the aorta. The end result is pretty much going to be the same, it's just a matter of speed. In a way, your choice of candidate may be determined by whether you're the kind of person who likes to pull the band-aid off all at once, or prolong the pain at lower levels.While I tend to rip the bandaid off all at once, as Tam said here;
Hey, Sparky, go do a Google image search for "Civilian taking a dump in a frozen shell crater in Sarajevo, 1995." Does he look like he's having fun? 'Cause that was frickin' Yugoslavia; they had to go steal guns from the army to get their civil war on. If the lid ever comes off this pressure cooker for realz, it's gonna make Yugoslavia look like a Sunday school picnic.What appears to be coming may be worth taking the machete to gut and hoping against hope to survive.