The rich get richer, the poor get... richer?

(via EconLog)

Daniel Drezner explains income inequality, showing that over 10 years, someone in the bottom quintile in 1979 was more likely to be in the top quintile than the bottom one.

Among other points (2 other good ones, too). Check it out.

And since I'm over there all the time, here's the link to CalPundit's response to DD's income inequality post (since Kevin's been riffing on this for about 2 weeks now, and is in the groove).

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