Sunday, June 24, 2012

How ObamaCare Increases
Income Inequality

by Merrill Matthews - June 22nd, 2012 - Forbes

Income inequality appears to be growing in the United States. And while President Obama didn’t initiate the trend, his health care legislation will dramatically exacerbate it.

While Obama, along with most Democrats, the Occupy Wall Street hooligans, and many in the mainstream media, claim that taxing the rich will fix the income inequality problem, a closer look reveals that the trend is likely overstated, and, when total compensation is considered, may not be happening at all.

[... More]

Excellent article that explains how greater levels of divorce, more people choosing to live together but filing for taxes separately, a larger population of older retirees, and a growing bias in the percentage of income from benefits rather than income (caused by government mandates like ObamaCare and RomneyCare)... have all conspired to create the impression of a change in income inequality that is not true.

As someone once noted, statistics don't lie, but the peole who use them do. All that has changed is how goverment measures income and what it calls a family.


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