Tuesday, August 18, 2015

Inequality Gruberized by Progressive Socialists : Divide and Win

For anyone that has stayed awake during catastrophic last 6 years of the Obama administration knows the term 'inequality' is all about 'leveling the playing field' for the average citizen that has been taken advantage of by the corrupt and evil industrial free market.

The drum beat from the progressive socialist liberal democrats, and their surrogates in the main stream media, all of the lettered channels and most print media, has been 'the rich are taking all the profits for themselves and leaving the workers, that do all the work, get nothing in return. This strategy to divide the population is front and center from the democrat play book.

Also, this study is just more proof that Gruber was right, that the only way to get ObamaCare passed was to lie to the general public about it's true intent. Ditto inequality and it's actual impact on the general public.

Misperceiving Inequality
Source:  Vladimir Gimpelson and Daniel Treisman, "Misperceiving Inequality,"
National Bureau of Economic Research, Working Paper 21174, May 2015.

August 17, 2015

Vast literature suggests that economic inequality has important political consequences.
Higher inequality is thought to increase demand for government income redistribution in democracies and promote class conflict and revolution in dictatorships. Both arguments assume that ordinary people know how high inequality is, how it has been changing, and where they fit in the income distribution.

A National Bureau of Economic Research study, using a variety of large, cross-national surveys, shows that, in recent years, ordinary people have had little idea about such things.
  • What they think they know is often wrong.
  • Widespread ignorance and misperceptions of inequality emerged robustly, regardless of the data source, operationalization, and method of measurement.
The study also shows a perceived level of inequality -- not the actual level -- correlates strongly with demand for redistribution and reported conflict between rich and poor. The study suggests that most theories about political effects of inequality need to be either abandoned or reframed as theories about the effects of perceived inequality.
 

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