Another point on measuring inequality: most measurements fail to take into account the value of entitlements (e.g., present value of future social security benefits).
Excluding entitlements from the inequality conversation seems particularly egregious given that they are paid for by *reductions* on wage-earners income (via payroll taxes).
Another point on measuring inequality: most measurements fail to take into account the value of entitlements (e.g., present value of future social security benefits).
Excluding entitlements from the inequality conversation seems particularly egregious given that they are paid for by *reductions* on wage-earners income (via payroll taxes).