Claims of surging income inequality rely on pre-tax data while ignoring unreported income, smaller family sizes, and government benefits like Social Security. When these additional factors are accounted for, top wealth shares have been relatively flat since the 1960s.
To learn more about the Hoover Summer Policy Boot camp, visit: https://www.hoover.org/hoover-institution-summer-policy-boot-camp
Click below to watch the other videos in this series.
Chapter 1 – https://youtu.be/sq07nJD89iU
Chapter 2 – https://youtu.be/s3VBxJCAUyU
Chapter 3 – https://youtu.be/ip8FU-A9338
Check out more from Joshua Rauh here: https://www.policyed.org/scholars/joshua-d-rauh
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