Political Hyperbole: Blame the Rich

An interesting tidbit I picked up from Nina Easton’s article The Pay Gap is Vexing, But Don’t Blame the Rich: A Defense of the 1% in the April 30th addition of Fortune Magazine.

“Harvard’s Lawrence Katz has calculated that even if all the gains of the top 1% were redistributed to the 99%, household incomes would go up by less than half of what they would if everyone had a college degree.”

 

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