(Chait 2011) Inequality and bullshit


Chait, Jonathan. Inequality and bullshit [Internet]. New York. 2011 Nov 3. Available from: http://nymag.com/daily/intel/2011/11/inequality_and_bullshit.html. Accessed 2011 Nov 25. Archived by WebCite at http://www.webcitation.org/63SwOhQnE.

Chait responds to right-wing denial of the increasing inequality of wealth and income in the USA, describing how this denial is defended primarily by distracting attention from the most relevant measures of inequality, those that focus on the difference between the top 1% and the rest of the population:

The gap between the top 1 percent and everybody else is the most dramatic change, and it’s also the hardest to capture, since it involves a small subset of the population. (Indeed, the idea that the income of the top 1 percent is an important economic phenomenon is itself new, and older measures of inequality aren’t really designed to capture it.)

 

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