The poor are getting poorer and the rich are getting richer?
We’ve heard this so many times, most accept it as true without even thinking about it. But in reality, the rich are getting richer and the poor are getting richer.
Steve Horwitz, PhD from St. Lawrence University break it down in this short video. He demonstrates the misleading nature of the data typically used by media and progressive pundits, and how to better gage the the distribution of income.
Simply put, you might be better off with a smaller percentage of a bigger pie!