If You're Curious About These Questions...
You should listen to this audiobook
- Did you know that the official government statistics used to measure inequality might be missing the most important half of the financial story?
- Have you ever wondered if the "war on poverty" has actually been won, despite what the headlines say?
- Are you curious about why the real income gap between the wealthiest and poorest Americans is significantly smaller than most people assume?
Listen to The Myth of American Inequality — Free Audiobook
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Key Takeaways from The Myth of American Inequality
- Understand how faulty economic statistics distort national debates and lead to counterproductive legislation regarding wealth and poverty.
- Discover why the widely accepted belief that American inequality is skyrocketing is actually based on misleading data.
- Learn the crucial difference between poverty and inequality, and hear the argument for why true poverty in the US has dropped to a mere 3 percent.
- Uncover the major flaw in the US Census Bureau's definition of income, which ignores modern benefits by relying on an outdated 1947 cash-only model.
- Find out how trillions of dollars in non-cash government assistance, such as food stamps and healthcare, dramatically increase the true spending power of low-income households.
The Myth of American Inequality — Full Chapter Overview
Chapter 1: Recommendation
Chapter 2: Official statistics depict a grim picture of inequality and poverty in America.
Chapter 3: Official statistics overlook government assistance programs.
Chapter 4: Flawed income statistics warp our understanding of poverty.
Chapter 5: Overlooking taxes inflates the extent of income inequality.
The Myth of American Inequality Summary & Overview
The Myth of American Inequality (2022) corrects widespread misconceptions about inequality in the United States. Taking aim at misleading official statistics, it shows that poverty has all but disappeared in today’s America and that the gap between rich and “poor” isn’t nearly as large as many people assume.
Who Should Listen to The Myth of American Inequality?
- Politicos and policymakers
- Historians and economists
- Anyone interested in contemporary debates about economic justice
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