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The term 'income inequality' is a bit misleading because it suggests in a somewhat pejorative way that the rich are getting richer at the expense of the poor.
Edward Lazear
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Edward Lazear
Age: 72 †
Born: 1948
Born: August 17
Died: 2020
Died: November 23
Economist
New York City
New York
Edward Paul Lazear
Income
Misleading
Bits
Mislead
Rich
Suggests
Term
Richer
Getting
Expense
Poor
Somewhat
Way
Expenses
Inequality
Pejorative
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The only way to eliminate the deficit in the long run is through growth.
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