Guess what the newly released Census data shows?
U.S. income inequality at its highest level since the Census Bureau began tracking household income in 1967. The U.S. also has the greatest disparity among Western industrialized nations.
There’s more at the article, like this:
The top-earning 20 percent of Americans — those making more than $100,000 each year — received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent earned by those below the poverty line
I kind of like the quick analysis at InvestmentWatchBlog. I want to quote all three paragraphs, but since that’s the whole post it might seem sketchy. I’ll just grab the ending:
Who wins? No one in the long-run, but in the short-run, certain wealth individuals benefit significantly on both ends of the equation.
This might explain why Harper wants to neuter our census–it’s harder to maintain ideological fictions when the hard data shows exactly what the actual, not ideological, results of your policies are.
