Free Markets, Free People
Quote of the day: Income inequality narrative killer edition
Mickey Kaus finds this from Tim Noah at The New Republic:
If you omit government redistribution from the calculations in the previous paragraph then four countries that previously were more equal in incomes than the U.S.—Portugal, Italy, Israel, and Germany—become less equal than the U.S.
Oh my. And Kaus reacts with the qotd:
Wait. You mean that social-democratic, union-heavy, solidaristic Germany has worse income inequality, before taxes and transfers, than the cowboy capitalistic U.S., with its large underclass and out-of-control Wall Street greedheads? Don’t tell the narrative. …
Say it ain’t so!