Income distribution from "summary" of Economic Facts and Fallacies by Thomas Sowell
Income distribution is a topic that has been the subject of much debate and controversy. Many people believe that income distribution is a purely economic issue, but in reality, it is a complex social and political issue that goes far beyond just dollars and cents. At its core, income distribution refers to how income is divided among different individuals or groups in society. This distribution can be measured in a variety of ways, such as by looking at the share of total income that goes to the top 1% of earners, or by examining the gap between the highest and lowest earners in a particular society. One of the key points to understand about income distribution is that it is not a fixed or static phenomenon. Income distribution can change over time, and it is influ...
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