Look how insidiously misleading this article is. First you report how common it is for Americans to experience poverty. [Note that the definition of poverty is continually changing to incorporate indicators of *relative* consumption and thus is rising in absolute terms]. Then you conclude that this is a *result* of the widening income *gap* - rather than a symptom. You also conclude erroneously that the more common the poverty experience is, the more problematic poverty is - but, in truth, it is testimony to the fact that poverty is most likely a temporary phenomenon for most who experience it, and that if incomes were measured in longitudinal time series rather than in momentary time-series data, the gaps would dramatically narrow [something Milton Friedman pointed out more than 50 years ago]. Finally, you imply that these widening gaps are the result of the uncontroled, unregulated forces of the free market. In reality, they are more likely the result of the anti-growth policies of this diabolical administration.
Posted on: Mon, 29 Jul 2013 14:43:13 +0000
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