Just another Reality-based bubble in the foam of the multiverse.

Friday, November 04, 2011

lucky duckies

The New York Pravda touts a new Census interpretation that tells us the poor aren't as poor as we think they are.

Which I am not going to even link to, as it is so much tripe for the 1%.

Which interestingly enough Krugman shoots down in an opinion piece dismissing said Census report and other official nonsense in the same edition:

Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators!

Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come into focus, a reliable set of defenders tries to bring back the blur. Think tanks put out reports claiming that inequality isn’t really rising, or that it doesn’t matter. Pundits try to put a more benign face on the phenomenon, claiming that it’s not really the wealthy few versus the rest, it’s the educated versus the less educated.

So what you need to know is that all of these claims are basically attempts to obscure the stark reality: We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only...

Thank you, Sir.

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