LordBrownTrout
Diamond Member
What explains these results?
"In 1973, the richest 5 percent of all families had 11 times as much income as the poorest one-fifth.
"By 1996, they had almost 20 times as much.
"But it is not only the distribution of income that should concern us. It is also the system that produces that distribution."
Still the Land of Opportunity?
Imho, it's a system that rations equality of opportunity on an ability to pay basis.
That's nothing compared to the 3 trillion dollar transfer that just happened from small business, lockdowns, to big box stores.