Bill Whittle

Too Much Income EQUALITY? Bottom 60% of Earners Roughly Equal When Welfare, Taxes Included

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Sinopsis

While AOC, Bernie, Elizabeth and their fellow travelers decry "income inequality", a new book claims America's problem is too much income EQUALITY. And as Ocasio-Cortez, Sanders and Warren foment rage toward "millionaires and billionaires", that's not where our coming troubles lie. Here's why: If you include so-called transfer payments to the poor and you subtract the cost of taxes from working folks a bit higher up the income scale, per capital income is roughly equal. This episode of Right Angle previews the idea behind the new book, "The Myth of American Inequality", by Phil Gramm, John Early and Robert Ekelund, available starting September 15, 2022. Scott Ott, Stephen Green and Bill Whittle have hosted a news panel discussion show — now five times weekly — since 2009, thanks to our Members. To join these producers, unlock access to Backstage content, Member-written blog, forums and comments, tap the big green button at https://BillWhittle.com To make a one-time or recurring donation without joining, ta