• Pragerisms

    For a more comprehensive list of Pragerisms visit
    Dennis Prager Wisdom.

    • "The left is far more interested in gaining power than in creating wealth."
    • "Without wisdom, goodness is worthless."
    • "I prefer clarity to agreement."
    • "First tell the truth, then state your opinion."
    • "Being on the Left means never having to say you're sorry."
    • "If you don't fight evil, you fight gobal warming."
    • "There are things that are so dumb, you have to learn them."
  • Liberalism’s Seven Deadly Sins

    • Sexism
    • Intolerance
    • Xenophobia
    • Racism
    • Islamophobia
    • Bigotry
    • Homophobia

    A liberal need only accuse you of one of the above in order to end all discussion and excuse himself from further elucidation of his position.

  • Glenn’s Reading List for Die-Hard Pragerites

    • Bolton, John - Surrender is not an Option
    • Bruce, Tammy - The Thought Police; The New American Revolution; The Death of Right and Wrong
    • Charen, Mona - DoGooders:How Liberals Hurt Those They Claim to Help
    • Coulter, Ann - If Democrats Had Any Brains, They'd Be Republicans; Slander
    • Dalrymple, Theodore - In Praise of Prejudice; Our Culture, What's Left of It
    • Doyle, William - Inside the Oval Office
    • Elder, Larry - Stupid Black Men: How to Play the Race Card--and Lose
    • Frankl, Victor - Man's Search for Meaning
    • Flynn, Daniel - Intellectual Morons
    • Fund, John - Stealing Elections
    • Friedman, George - America's Secret War
    • Goldberg, Bernard - Bias; Arrogance
    • Goldberg, Jonah - Liberal Fascism
    • Herson, James - Tales from the Left Coast
    • Horowitz, David - Left Illusions; The Professors
    • Klein, Edward - The Truth about Hillary
    • Mnookin, Seth - Hard News: Twenty-one Brutal Months at The New York Times and How They Changed the American Media
    • Morris, Dick - Because He Could; Rewriting History
    • O'Beirne, Kate - Women Who Make the World Worse
    • Olson, Barbara - The Final Days: The Last, Desperate Abuses of Power by the Clinton White House
    • O'Neill, John - Unfit For Command
    • Piereson, James - Camelot and the Cultural Revolution: How the Assassination of John F. Kennedy Shattered American Liberalism
    • Prager, Dennis - Think A Second Time
    • Sharansky, Natan - The Case for Democracy
    • Stein, Ben - Can America Survive? The Rage of the Left, the Truth, and What to Do About It
    • Steyn, Mark - America Alone
    • Stephanopolous, George - All Too Human
    • Thomas, Clarence - My Grandfather's Son
    • Timmerman, Kenneth - Shadow Warriors
    • Williams, Juan - Enough: The Phony Leaders, Dead-End Movements, and Culture of Failure That Are Undermining Black America--and What We Can Do About It
    • Wright, Lawrence - The Looming Tower

U.S. Income More Extreme between the Most and the Least, than in 1979

Income Inequality in the United States

Income inequality appears to be growing in the United States. A Congressional Budget Office (CBO) report released October 2011, which analyzed incomes among the five quintiles between 1979 and 2007, found that over the course of the past few decades, those within the highest quintiles have seen incomes grow much faster than their low-quintile colleagues, says Merrill Matthews, a resident scholar with the Institute for Policy Innovation.

  • According to the CBO, the total share of income for families in the highest quintile rose from 43 percent to 53 percent between 1979 and 2007.
  • Moreover, the top 1 percent’s share doubled from 8 percent to 17 percent.
  • By contrast, the other four quintiles’ income share was lower in 2007 than in 1979, with the lowest quintile shrinking from 7 percent to 5 percent of total income.

However, the CBO’s report, while advertised as comprehensive in its consideration, failed to consider a number of mitigating factors that help explain these trends. Incorporation of these factors allows for a clearer understanding of income inequality in the United States.

  • There are fewer people per household in the United States now than there were in 1979 (the average figure fell from 3.33 to 2.59).
  • This is partially a function of a higher rate of divorce, along with more seniors living on their own.
  • This spreads out household income and causes it to appear lower in aggregated data.
  • Furthermore, the CBO’s income data fails to consider the role of benefits in total compensation.
  • An Employee Benefit Research Institute study points out that in 1950, wages made up 95 percent of total compensation, while benefits comprised only 5 percent.
  • By 2004, wages were only 81 percent, versus 19 percent for benefits.
  • Mark J. Warshawsky, director of retirement research at Towers Watson and a member of the Social Security Advisory Board, concludes that while income may have become more unequal, total compensation growth was essentially evenly distributed across all earnings levels.

Source: Merrill Matthews, “How ObamaCare Increases Income Inequality,” Forbes, June 22, 2012.

For text:

http://www.forbes.com/sites/merrillmatthews/2012/06/22/how-obamacare-increases-income-inequality/

For more on Economic Issues:

http://www.ncpa.org/sub/dpd/index.php?Article_Category=17

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