SOME people just can’t stand prosperity. In January, two of Washington’s most liberal think tanks, the Center on Budget and Policy Priorities and the Economic Policy Institute, released their annual joint study in which they proclaim, as usual, that the income gap between rich and poor is widening. The media trumpeted the bleak “findings” to virtually every living room in America.
What they didn’t report is that the study was more propaganda than scholarship. It actually distorts what are, in reality, highly encouraging trends in wealth and poverty.
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