Misleading Statistics on Income Inequality

Thomas Sowell
September 6, 2016, 12:01 am
Distorting for all the usual political purposes in an election year

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Mark Twain famously said that there were three kinds of lies — “lies, damned lies, and statistics.” Since this is an election year, we can expect to hear plenty of all three kinds.

Even if the statistics themselves are absolutely accurate, the words that describe what they are measuring can be grossly misleading.

Household income statistics are an obvious example. When we hear about how much more income the top 20 percent of households make, compared to the bottom 20 percent of households, one key fact is usually left out. There are millions more people in the top 20 percent of households than in the bottom 20 percent of households.

The number of households is the same but the number of people in those households is…

The Liberals never understand because of their lack of common sense that Liberal (socialist) policies only boost poverty.  I truly hope the voters, especially the Blacks and Hispanics can see what the Dem’s are doing to this country.

They’ll Never Learn: Liberal Policies Boost Poverty

Steven Greenhut
September 15, 2016, 12:21 am
Rent control will only further the state soaring housing costs.
Sacramento

I was perusing the real-estate listings for Palo Alto, California, and spotted a stylish, remodeled midcentury ranch house with a whopping 1,700 square feet on a postage-stamp lot for a mere $2.6 million. What a deal! There are great jobs all around that lovely Bay Area city, the heart of Silicon Valley and home to prestigious Stanford University. But imagine the income one would need to, say, put $700,000 down and make a $13,000 monthly housing payment.

Palo Alto is near the top of the food chain…