But to double down on failed policies isn’t the way to go.

If the graph I posted extended back to WW2, you would have seen that inequality DROPPED from WW2 to the late 60’s, then “bounced”; the graph would have looked like a “V”.

I suggest we spend time figuring out what changed in the late 60’s, rather than trying to make political points. The timeline indicates that neither the end of unionism nor the Reagan changes to the individual tax philosophy were the culprit.

Today, nobody;s doing that. The right thinks that inequality is no big deal (and it may not be, considering the average living conditions of the lower income bracket are …. pretty good) and the left thinks that the problem is the decline in unionism or the Reagan restructuring. (Neither is correct).

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store