The GINI can be measured before or after taxes. The link you shared is after--this one is used in defense of the metric. A 'before tax' version[3] is invariably used when on offense.
Sure, wealth inequality is growing, but this isn't a problem, it's merely an emotionally resonant issue. The left love it for the same reason they lofted the 'poverty' banner for so long--it's a Philosopher's Stone. This particular stone hails from a failed German novelist and promises to transmute other people's money into votes!
Regardless, median income[0] and median net worth[1] are rising and poverty is in the doldrums--points which make it difficult to make an honest argument that we are in need of radical change.
Sure, wealth inequality is growing, but this isn't a problem, it's merely an emotionally resonant issue. The left love it for the same reason they lofted the 'poverty' banner for so long--it's a Philosopher's Stone. This particular stone hails from a failed German novelist and promises to transmute other people's money into votes!
Regardless, median income[0] and median net worth[1] are rising and poverty is in the doldrums--points which make it difficult to make an honest argument that we are in need of radical change.
[0] https://fred.stlouisfed.org/series/MEHOINUSA646N [1] https://fred.stlouisfed.org/series/BOGZ1FL192090005Q [3] https://ourworldindata.org/grapher/gini-coefficient-before-t...