Sunday, May 25, 2014

Constant manna from heaven for bottom 20% stratum

Income inequality as measured by the tax records in the last 100 years may be "exaggerated". However, it is simply because government subsidy is not included in the statistics. In 2010, for family income in the bottom 20% stratum, 74% of the household income is from government alms. Income inequality has become more and more twisted.

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