Ronald Bailey Explains Why President Obama is Wrong on Income Inequality

In a December speech at the Center for
American Progress, President Barack Obama declared that “a
dangerous and growing inequality and lack of upward mobility” is
“the defining challenge of our time.” Is inequality increasing and
if it is does that matter? Reason Science Correspondent
Ronald Bailey analyzes the data on income inequality and mobility
and finds that the president doesn’t know what he’s talking
about.

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