Economy Mar 18

We’re talking about inequality all wrong

The right measure is not how much wealth or income people have or receive, but their spending power after the government has levied taxes on those resources and supplemented those resources with welfare and other benefits.

Since 1996, in order to get welfare in the U.S., you have to work. The Clinton Welfare-to-Work program successfully got millions of families off the social safety net program. But today's recipients face stagnant low wages and limited resources for…

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