After the chart went viral online and was featured in the New York Times, Slate, Vox, NPR, CNN, and multiple other outlets, Forbes’s Scott Winship posted, as far as I can tell, the only challenge to the graph.
Winship goes through a series of adjustments using data from Piketty-Saez and the CBO to produce, in his words, a “very different” picture.
New Economic Perspectives
Growth and Inequality in the U.S.: when “shared prosperity” means shared by the very fewPavlina Tcherneva
I don't know why one would want to count income from Medicare and Medicaid and VA but meanwhile not count income from Social Security. ..
ReplyDeleteWinship's career as opinion-maker is interesting.
ReplyDeleteHe started working for Third Way, a centre-left think tank founded by Wall Street people linked to the former Clinton Administration. You know, the Bill Clinton/Tony Blair kind of technocratic, pragmatic people.
From there Winship moved to the Brookings Institution (centre?)
Now he is at Manhattan Institute (conservative).
In a few years, he may as well be at American Enterprise or Cato. Mark my words.