Ronald Bailey Explains Why President Obama is Wrong on Income Inequality

Obama at CAPWhite HouseIn a December speech at the Center for American Progress, President Barack Obama declared that "a dangerous and growing inequality and lack of upward mobility" is "the defining challenge of our time." Is inequality increasing and if it is does that matter? Reason Science Correspondent Ronald Bailey analyzes the data on income inequality and mobility and finds that the president doesn't know what he's talking about.

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