Source: The Daily Economy
by Holly Jean Soto
“Despite the popular belief that the rich are getting richer while the poor are getting poorer, this claim is not only economically misguided but factually incorrect. Using data from The Mercatus Center’s working paper Income Inequality in the United States, we can demonstrate how flaws in inequality data often exaggerate the problem, explore why the claim that the poor are getting poorer is inaccurate, highlight why shaping policies around resentment and envy of the rich does more harm than good, and why the real solution lies in addressing the root causes of inequality through private-sector opportunities rather than government intervention.” (03/11/25)
https://thedailyeconomy.org/article/the-never-ending-myth-of-the-rich-getting-richer/