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U.S. Income Inequality: It's Worse Today Than It Was in 1774

Here's a finding that would have made for great occupy sign last year: American income inequality may be more severe today than it was way back in 1774 -- even if you factor in slavery.

That stat's not actually as crazy (or demoralizing) as it sounds, but it might upend some of the old wisdom about our country's economic heritage. The conclusion comes to us from an newly updated study by professors Peter Lindert of the University of California - Davis and Jeffrey Williamson of Harvard. Scraping together data from an array of historical resources, the duo have written a fascinating exploration of early American incomes, arguing that, on the eve of the Revolutionary War, wealth was distributed more evenly across the 13 colonies than anywhere else in the world that we have record of.

Suffice to say, times have changed.


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it's hard to be awake; it's easier to dream--

who says income is supposed

who says income is supposed to be equal?

oh, come on--

I don't want to argue--

who says it cannot be MORE equal in a free society?

You honestly believe Romney and his fellow scoundrels are HONEST money-makers?

You really believe the globalist bankers WORK for the money they get?

You really accept the belief that these same people push that people in the lower half of American economic brackets are lazy wretches?

What cartoon are you living in?

The idea that those who are wealthy have worked harder is ludicrous--

Yes, there are some who are poor who take advantage of welfare systems, but that is not wealth or prosperity--

and there are many who work their fingers to the bone who have very little and do NOT take advantage of 'welfare' programs--

The black and whiteness of *your* philosophical world is amusing, but it's not reality--

it's hard to be awake; it's easier to dream--