Ignore What The Gini Coefficient Says: Real Inequality Is Growing And People Are Suffering As A Result

The right-wing love to say inequality does not matter. They also love to say that the Gini coefficient that measures inequality is improving. They trumpet as a result that in their opinion all is right in the world because people are now getting no worse off. But, as many familiar with such data know, it is not revealing of the truth. Inequality is seriously understated because its measurement is based on survey data and the wealthy don’t do surveys any more than they pay taxes. And the wealthy also hide their income and assets more effectively than do the rest of society precisely because they have so much of it that tucking it out of sight is much easier.
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