Austrian economist Steve Horwitz has done some studying on household incomes from 1980-2006. It turns out that the percentage of households making $100,000 went up fairly significantly, those making 75,000-99,000 went up somewhat, and every lower income bracket saw a drop in how much of the American public they included. Seems that, at least on one level, the claim that the last quarter century has seen the rich getting richer at the expense of the poor is not as cut-and-dry. (HT: No Left Turns)
Not what we’ve been led to think…
– August 24, 2009
About the Author
Adam Carrington After a year at Westminster Theological Seminary, Adam began a PhD program in Political Science at Baylor University in Waco, TX in the Fall of 2009. He received his BA from Ashland University in Ashland, OH, where he studied Political Science, Religion, and English Literature. During his undergrad, he worked on several political campaigns as well as interning with The Claremont Review of Books. He continues to be fascinated by politics, literature, and media’s interaction with theology and the Church. In the spare time he does scratch out, he likes to play guitar, read, and spend late nights debating any and every topic at all-night diners. Adam is married to Emily Carrington. 