Wednesday, December 7, 2011
The Cato Institute Tells Us That Income Inequality Is A Mirage
The Wall Street Journal provides a platform for Alan Reynolds so that he can tell us why rising income inequality is only a mirage. Reynolds is a senior fellow at the Cato Institute which is one of numerous conservative "think tanks" which are funded by the super-rich to tell the story that they want told. Parts of Reynold's article in Murdoch's WSJ will find its way to Fox News, Rush Limbaugh and other friendly news outlets to tell American's not to believe all of the data on rising income inequality. This is the way the system works. The funding for the Cato Institute comes from far right contributors who provide tax deductible contributions to the conservative think tanks. In other words government is indirectly funding right wing propaganda. These think tanks always produce information that supports their interests. It is a stretch to argue that they are educational institutions. There may be some think tanks that provide analyses that might be called liberal but they are overwhelmed by the preponderance of well funded conservative organizations that sprinkle the propaganda through the media.