the myth of the middle class squeeze
iPod-toting hipsters love to talk about income inequality and the evils of capitalism.
After my lecture, one young woman walked up to me on her way out and huffed: “What I favor is a radical redistribution of wealth in America.” I tried to tell her that America’s greatness is a result of our focus on creating wealth, not redistributing it. But it was too late — she was already tuning in to her iPod.
But Reason.tv looks at Lou Dobbs’s War on the Middle Class!!!1eleventy1 and finds that the numbers don’t exactly hold up. Video after the jump.