Phil Gramm Says the Numbers on American Inequality Are Wrong
Are Americans really falling behind, or are the numbers telling us the wrong story?
In this episode of Liberty + Leadership, Roger Ream sits down with economist and former U.S. Senator Phil Gramm to challenge some of the most common assumptions about poverty, inequality and economic opportunity in America.
Gramm explains why he believes official statistics dramatically overstate inequality by leaving most government transfer payments out of income calculations while failing to account for taxes paid. He argues that the American Dream remains very much alive, pointing to rising living…
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