Reassessing the Facts about Inequality, Poverty, and Redistribution | Cato Institute

Reassessing the Facts about Inequality, Poverty, and Redistribution | Cato Institute: Many U.S. politicians are promoting policies to reduce income inequality and poverty by increasing taxes and transferring more income to lower-income households. These proposals rest in part on claims that income inequality in the United States is greater than that in other Western democracies and is growing, and that poverty persists at high levels. The usual statistics invoked to support those claims, however, a...