Greed: The “Income Gap” Deconstructed

Everyone knows that the 80s was the “Decade of Greed,” right? Well, of course it was. That’s what it’s called, and as everyone knows, if something is asserted long enough and affirmatively enough, that makes it just so. Or does it? It serves one well, from time-to-time, to revisit old articles and essays written by oneself and others to ascertain their accuracy and relevance years later. Recently, I was involved in a private email dialog where the subject of the “Income Gap” came up. I vaguely recalled an article I had read in Reason years ago and set about to find it. Turns out that the article is now 11 years old, and in my judgment, is just as relevant and accurate now as it was then. See if you agree, and note that there are some typos. Looks like it was scanned and OCRed from printed text. It’s about the 80s as the “Decade of Greed” in general, but includes a great exposé of the myth surrounding the “income gap.” Here’s that part of it. A third factor that supports the view of the '80s as a decade of greed is an implicit sense of fairness about the distribution...

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Richard Nikoley Free The Animal

I'm Richard Nikoley. Free The Animal began in 2003 and as of 2021, contains 5,000 posts. I blog what I wish...from health, diet, and food to travel and lifestyle; to politics, social antagonism, expat-living location and time independent—while you sleep—income. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances. Read More
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