Government's been lying to all of us!-----America’s Disappearing Income Inequality

America’s Disappearing Income Inequality

"A new study from Cato adjunct scholar John Early explores how the Census Bureau overstates U.S. inequality by excluding

• taxes and 
• welfare payments 

from the agency’s income estimates. 

Early shows that, when accounting for the taxes Americans (mostly middle‐ and higher‐​income) pay out of their own income and the welfare payments Americans (mostly lower‐​income) receive, 2017 income inequality between the top and bottom households shrinks from almost 17‐​to‑1 to just 4‑to‑1...