Asymptosis

Lane Kenworthy has updated his Best Inequality Graph with the latest data (through 2007):

Hidden in the fine print, you’ll find proof positive that trickle-down works: middle-class incomes have risen by 1% a year since 1979! And poor people’s incomes have gone up by 0.4% a year.

How can you argue with that kind of rampant, precipitous prosperity growth?

(Note that these are post-tax, post-transfer incomes.)

Related posts:

1. Am I Channelling David Stockman, or Is He Channelling Me?
2. Is the Social Security Trust Fund a Liberal Own-Goal?
3. The Deal and the Dive: Using Occam’s Razor to Parse the Results
4. Government: BAD? — Part 1 of a Series
5. Teddy Roosevelt on “the true conservative”