Posted Jun 23, 2018, 9:51 PM
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Registered User
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Join Date: Jun 2013
Location: Kingston, Ontario
Posts: 11,482
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Income inequality is a misplaced concern. The real concern is how well the standard of living is for each social class. If over a certain time period, the wealthiest have, say, a 20% increase in income, the rest of the population has a 10% increase in come, and inflation goes up 5%, it means that literally everyone's lives are getting better even though income inequality would actually increase.
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