The rich aren’t getting wealthier at the expense of the poor. Harvard’s Lawrence Katz has calculated that even if all the gains of the top 1% were redistributed to the 99%, household incomes would go up by less than half of what they would if everyone had a college degree. In other words, the financial rewards of higher education are a big contributor to the income gap.

This article is standard spin, from an publication called “Fortune” no less. Bullshit spin.

Why does the article not detail what they call “gains”?

Why does it not detail the fact, recently published, that 50% of college graduates are either unemployed or underemployed?

I recently published a page in the same vein where I did some simple research on a similar bullshit spin article.

I don’t have time to do the same for this one but there are some very simple distinctions between the USA and other “socialist” countries that should result in some deeper thought, if one is not a religious political partisan.

For example:

In Sweden 20% of the people own 32% of the wealth, and pay 27% of the total tax revenue. 80% own 68% and pay 73% of taxes.

In the USA 20% of the people own 84% of the wealth, and pay 64% of the total tax revenue. 80% own 16% and pay 36% of taxes.