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Trump claimed ‘inequality is down’ — one day later federal data showed the exact opposite is true

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“The separation between rich and poor from 2017 and 2018 was greater than it has ever been.”

Federal data released Thursday showed U.S. income inequality in 2018 reached the highest level since the Census Bureau began measuring it five decades ago, a finding that comes less than 24 hours after President Donald Trump said “inequality is down.”

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The Census survey found that the nation’s Gini Index—which measures inequality on a 0 to 1 scale, with 0 representing perfect equality—reached 0.485 in 2018.

In 1967, the U.S. Gini Index was 0.397.

“The separation between rich and poor from 2017 and 2018 was greater than it has ever been,” the Washington Post reported. “The gulf is starkest in wealthy coastal areas such as Washington, D.C., New York, Connecticut, and California, as well as in areas with widespread poverty, such as Puerto Rico and Louisiana.”

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The Census data contradicts Trump’s claim Wednesday that inequality is declining under his administration after he pushed tax cuts and other policies that disproportionately rewarded the wealthiest Americans.

“Wages are up, and inequality is down,” Trump said during a press conference following the United Nations General Assembly meeting in New York. “Something that people don’t like writing about.”

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Wages have increased slightly in recent years. But, according to the Economic Policy Institute (EPI), “nominal wage growth has been far below target in the recovery.”

Donna Ginther, an economist at the University of Kansas, echoed that point in response to the new Census data.

“We’ve had a period of sustained economic growth, and there are winners and losers. The winners tend to be at the top,” Ginther told USA Today. “Even though we are at full employment, wages really haven’t gone up much in the recovery.”

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Modi tells Xi summit will launch ‘new era’ for India and China

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India's Prime Minister Narendra Modi said Saturday that his summit with Chinese leader Xi Xinping would launch a "new era" between the neighbours who are seeking to overcome troublesome differences.

Modi and Xi strolled along a pristine Bay of Bengal beach and held one-on-one talks overlooking the ocean before their delegations sat down to official negotiations at the historic resort town of Mahbalipuram, south of Chennai.

The two leaders are meeting for the second time in a year in a bid to ease tensions over border disputes, the troubled Kashmir region and China's domination of trade between their huge economies.

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Trump calls for impeachment of Mitt Romney for criticizing him in rambling tweet

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Hours after Donald Trump attacked Sen. Mitt Romney for being critical of his call for the Chinese to dig up dirt on former Vice President Joe Biden, the president was back for another round, calling for the Utah Republiocan to be impeached.

Claiming without evidence that voters in Utah are turning on their senator, Trump claimed, "I’m hearing that the Great People of Utah are considering their vote for their Pompous Senator, Mitt Romney, to be a big mistake. I agree! He is a fool who is playing right into the hands of the Do Nothing Democrats!" followed by:  #IMPEACHMITTROMNEY

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Elections 2016

Trump claimed ‘inequality is down’ — one day later federal data showed the exact opposite is true

Published

on

"The separation between rich and poor from 2017 and 2018 was greater than it has ever been."

Federal data released Thursday showed U.S. income inequality in 2018 reached the highest level since the Census Bureau began measuring it five decades ago, a finding that comes less than 24 hours after President Donald Trump said "inequality is down."

Continue Reading
 
 
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