Economic Inequality Is Not Increasing. Propaganda Is. Economic inequality has not increased since at least 1897

Gary North reports:

It never ends. We are besieged by articles on today's increasing economic inequality. These articles have three things in common:

1. Each one has a favorite explanation/boogeyman.
2. Each one calls for political reforms to make things more equal.
3. Each one fails to mention Pareto's 20/80 law.

Here is the main problem with these articles: economic inequality has not increased since at least 1897 -- the year that Vilfredo Pareto published his discovery: about 20% of the people in every European nation he studied owned about 80% of the wealth.

An article , well worth your time.