INCOME INEQUALITY POOR MIDDLE-CLASS GOVERNMENT
Sorry, The Poor Have More Income Than You
The Income Inequality numbers reported are bogus
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If we want to accurately explain the myth of income inequality, we must go back to pre-Covid numbers.
With businesses closed, masks required, take-out only, employment depending on jabs, and people out of work the numbers would be skewed.
So, for this article, I’m going to use 2017 numbers when Bernie Sanders and Elizabeth Warren were all about the glaring unfairness of income inequality.
Inflation was low, gas prices were reasonable, there was toilet paper and hand sanitizer on the shelves, and things were for the most part normal.
Bernie and Liz were taken in as were the rest of us by the faulty information put out by the government.
Or should I say the lack of information put out?
A Sample of Bad Government Information
Think about inflation. Are inflation numbers accurate? What’s missing?
Food and Fuel are not included in government inflation numbers because they’re world commodities not influenced only by US economics.
Does that make inflation any less painful if part of the equation that directly affects you is excluded?
Does hearing an 8 percent inflation rate rather than 15–18 percent make you feel any better when you reach for your wallet?
The government does the same thing when measuring income — they leave some important income information out.
What Is Income and How Is It Measured?
There are five tiers of income earners that the US Census reports on.
Lower-class 20 percent, lower-middle-class 20 percent, middle-class 20 percent, upper-middle-class 20 percent, and rich 20 percent.
That’s 100 percent by advanced calculus.
Are The Poor Really Poor?
The US government has at my last count 126 poverty programs. There haven’t been less than 100 in the past ten years.
