ACA architect, Jonathan Gruber, acknowledged that Democratic Party operatives deliberately misled their own “stupid” progressive voters to pass Obamacare. Likewise, leftwing economists, Piketty and Saez, deliberately distorted inequality data to facilitate Marxist inclinations towards economic envy and class warfare (via combatting inequality). To incentivize Marxist redistribution, Piketty and Saez omitted Social Security, Medicare, Medicaid, employer-provided health insurance, retirement, and other benefits from U.S. income calculations. Moreover, these socialist economists ignored capital gains on homes and the effect that changes tax policies have on how people report their incomes. When all the omitted income is included in the calculations, from 1979 to 2007 the bottom 75% of Americans averaged a 34% INCREASE their incomes. In fact, Organization for Economic Cooperation and Development (OECD) figures show that U.S. per capita GDP is 42% higher than other OECD members, household wealth is 210% higher, and median disposable income is 42% higher. online.wsj/articles/phil-gramm-and-michael-solon-how-to-distort-income-inequality-1415749856
Posted on: Wed, 12 Nov 2014 23:05:52 +0000
Trending Topics
Recently Viewed Topics
© 2015