Economic Disparities
Backing Evidence (5 Key Documents)
- Capital in the Twenty-First Century (Thomas Piketty, 2014) Search
- The Cost of Affordable Housing Crises (Urban Institute, 2019) Search
- Income Inequality and Mobility in the United States (Quarterly Journal of Economics, 2013) Search
- The Economics of Healthcare Disparities (NBER Working Paper, 2020) Search
- The dynamics of wealth inequality (Journal of Economic Perspectives, 2015) Search
The Straw Man Arguments
- Poor people just need to stop buying coffee and they can buy a house.
- Economic inequality is good because it motivates everyone to work harder.
The Steel Man (Strong Counter-Suit)
Wealth differences are a natural outcome of free market systems that reward innovation, high productivity, and risk-taking. Artificially squeezing wealth inequality through heavy taxation can stifle the capital investment and entrepreneurship necessary to grow the overall economy.