6/25/2019

New Evidence that Soaring Inequality is a Myth

"As can be clearly seen, only the Saez-Zucman series depicts the inequality spiral that has taken hold of the modern political conversation. The other two measures are either flat (in the case of estate taxes) or modestly rising (as in the new DFA series). While some commentators have already begun spinning the DFA as new evidence of a pressing inequality problem in the United States, the deeper story is how it actually tempers the inequality alarmism of the past several years by showing a much more subdued pattern."