I don’t believe a word of the bogus CBO report. It’s fun with numbers and another example of how bogus assumptions yield bogus conclusions. The opposite is the truth.
In 1979, a very substantial portion of income of wealthy people was sheltered because of the tax code and wouldn’t have been counted as income.
Real wealth disparities have always existed. What we have today is far LESS disparity than at any point in history. Look at the palaces of Europe. THAT was income disparity. Look at the mansions of the 19th centrury railroad and steel barons; THAT was income disparity.
Moreover, whatever income disparities that do exist today are exacerbated by the very politicians who seek to exploit them.
And the disparities that exist today can be overcome by almost anybody who wants to work at it and do the things necessary to accumulate wealth. As Ann Coulter often points out, #’s 1 and 2 should be not having out-of-wedlock children, and staying married. Maybe #3 should be not running up a 5 figure debt to get a degree in something ending in “studies” or “ology”.
The entire argument is not only bogus, it is an example of the media-created upside down bizarro world we live int.
