A Dangerous Obsession

A good read from economist Thomas Sowell on the obsession with income and wealth disparities. Read also, Part II and Part III.

One of the most interesting points- Why is it that people become enraged over the salaries of executives, but rarely bat an eye when it comes to the salaries of athletes and movie stars?

And then there's this interesting factoid- There are more heads of households in the top 5% of income earners who work full time and year round then there are heads of households in the bottom 20% of income earners who work full time and year round. (In other words, the notion of the working poor may be more myth than fact.)