[Ed. – Don’t expect the media to report this counter-evidence.]
Elizabeth Warren and Bernie Sanders are making income inequality a focus of their presidential campaigns, a priority that had led them to demonize wealthy Americans and to propose ever-more imaginative tax increases on those in the top income brackets. Sanders talks about the level of inequality as “grotesque and immoral,” while Warren claims the U.S. economy only works for a “thinner and thinner slice at the top.” But with workers’ wages rising under President Trump at rates not seen in a decade, is income inequality actually increasing?
A September report by the U.S. Census Bureau based on The American Community Survey (ACS) appeared to boost Sanders’ and Warren’s claims. …
Another Census Bureau report issued two weeks earlier reached a far different conclusion, however. By two separate measures, The Current Population Survey’s Annual Social and Economic Supplement (CPS) found that inequality decreased in 2018.