Source: Free Association
by Sheldon Richman
“To hear some people tell it, America is in the grip of a vast conspiracy in which billionaires get richer, the middle class stagnates at best, and the poor get poorer. Poverty and inequality, by this account, are the shame of America. How can we let this go on! Do not fall for it. Except for the part about billionaires (those who get rich by innovatively serving consumers), the story is hokum. The middle class shrinks because its members move up, and the ‘poor’ get richer with mass production and lower prices.” (08/22/25)
https://sheldonfreeassociation.blogspot.com/2025/08/tgif-poverty-of-poverty-data.html