Can I eSignature Massachusetts Insurance Presentation
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When do you flip the inequality sign pdf?
As a side note, the last chart is from a report that was presented to the Department of Health and Human Services (see Appendix B): "Fifty Years of Economic Growth: A New Look at Economic Inequality since the Great Society."
As you can see in the first graph, the poverty rate actually peaked in 1965, and has since declined by approximately 40 percentage points. That's amazing.
This is all to say that the still has huge economic inequality. And that we don't know why.
If you're a conservative, your response is likely "it's not your fault." But I think it is, because it is a reflection of the American system. When you have huge economic inequality in a society, it means that a certain slice of society has far more resources than anyone else. That makes things unfair.
You can have a society that is perfectly equal, or you could have a society where the top 1% controls as much wealth as the bottom 90%.
There are good reasons to worry about how unequal the American economy is, and a lot of reasons not to worry about it. But you don't really need to worry about it if you do a few simple things.
1. Don't make the assumption that everything you know about the economy is wrong. It's not the whole story.
2. Be a skeptic of claims that have little evidence behind them, because people will always come up with explanations to explain those facts.
3. Don't assume that everything you see is a representation of reality. Some economic data you're seeing is actually a representati...
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