We constantly hear cries about income inequity in our nation and how we must immediately correct this problem. Yet, as so often the case, the cries of panic from the Left do not stand up to any degree of investigation. The following paragraph from the attached article says so much but the actual article will provide you with the hard facts. Yes, there is income inequity, but the real victims are not those at the bottom of the economy but rather the middle class which works so hard but receives so little for their effort.
“The average second-quintile household earned almost five times as much as the average household in the bottom quintile, because it has 2.4s times as many working-age members working and on average each worker worked 80% more hours. The average middle-quintile household earned almost ten times as much and had 2.6 times the percentage of its working-age people, each working twice as many hours. Yet the bottom 60% of American households received essentially the same income after accounting for taxes, transfer payments a household size.”
If you are upset about your level of taxation, be sure to be sitting when you read this article.
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