The myth of American Inequality

A consistent theme in my management courses was the complete misrepresentation and misunderstanding of concepts and realities such as poverty, wealth, and income, including relative and absolute poverty, and the inevitability of increased nominal income inequality in a rapidly improving world. As I said about that last concept -- income inequality -- it's the simple math of long-term, consistent economic growth. If an economy grows at 3% annually over scores of -- if not a hundred -- years, income and, yes, wealth inequality will grow much more than it would have with lower or less consistent growth or, worse, with no growth at all.

All of this is true yet it also ignores the reality of what "The myth of American inequality" recognizes, and that id the massive transfer of wealth and income, a little from charity and trillions in government transfers, with benefits and taxes.

‘The Myth of American Inequality’ Review_ Believe Your Eyes, Not the Statistics - WSJ.pdf

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Here is what I added in a comment, endorsed by several people.

And the ways progressives are making inequality worse, in the name of justice and satisfying teacher unions:

Pandemic Learning Loss Could Cost Students $70,000 in Lifetime Earnings - WSJ.pdf

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