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> Further, this data does not include dividends, capital gains or interest. Should be fairly obvious which end of the curve gets the lion's share of that. But
by BrandonM 15y ago
> Further, this data does not include dividends, capital gains or interest. Should be fairly obvious which end of the curve gets the lion's share of that.
But it also doesn't include unreported income, public grants, welfare, food assistance programs, Medicare, Medicaid, retirement funds, pensions, Social Security, receipt of charity, etc.
It also fails to realize that some of those low-income workers are homemakers who only work a few hours a week to get out of the house, teenagers and young adults just working for spending money, and retired elderly who are looking to stay active and supplement their fixed income without working too hard.
I'm not against social assistance by any means, but trumpeting misinformation only serves to muddy the waters and harm productive discussion.