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introducing clip-to-blog

 The easiest way to blog the interesting things you find on the web.
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A common liberal argument aimed at America's free market economy and reinforced in President Obama's budget proposal A New Era of Responsibility
is that, over the last 25 years, the rich have gotten richer while the poor have gotten poorer.
chart 1
This would seem to provide compelling evidence for the argument that in America's free market economy "the rich get richer, while the poor get poorer." This deserves a closer look.
three major factors missing from the Picketty-Saez data, when included in the calculation, significantly reduce the apparent growing trend in income inequality.
chart 2
The study concluded that economic growth resulted in rising incomes for most taxpayers over the study period with the median incomes of all taxpayers increasing by 24% after adjusting for inflation.
chart 3
chart 4
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