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Myths About Inequality

blueeyes Wrote: May 12, 2012 2:36 AM

free enterprise and capitalism create more rich people. obama and the left create more poor people. they do not understand how wealth is created, they believe that the rich become rich by taking wealth away from the poor, while the opposite is true. Apple is the richest corporation in the USA, Bill Gates is the richest man in the USA. Facebook is about to go public and it is worth more than 90 Billion, did they take money from the poor? the ideology they hold is wrong and they do not dare admit it. obama holds the same ideology and he banks on the support of those millions of the poor he created to keep his white house. they will only hurt themselves and they will create even more poor.

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Myths About Inequality

Because they do not seem to have any real solutions to real problems, the leftwing in this country has become fixated on a non-problem: inequality. In the process, people who harp on this idea often get their facts wrong. The following is my attempt to set the record straight.

Myth: Those at the bottom are worse off because the rich are better off.

"The rich are sucking up all the income," said Harvard economist Jeffrey Sachs on Morning Joe. Surveying the past two decades, Brian Wesbury gives this answer: