Tuesday, July 21, 2020

The Great Society failed to reduce disparities between white and black income and wealth

"The historical data also reveal that no progress has been made in reducing income and wealth inequalities between black and white households over the past 70 years" (Income and Wealth Inequality in America, 1949-2016). The Gini coefficient = 0 if everyone has the same share and = 1 if the richest person has everything.

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