April 25, 2018
Want income equality? Here is the nation for you!
Cuba is so lucky. With the installation of their new president, Miguel Díaz Canel, Cubans will be able to continue with their terrific lifestyle. What lifestyle? Income equality. We are repeatedly told that income inequality is bad. Apparently, you should be ashamed of yourself if you earn more money than what lazier people get. We are supposed to assume that the definition of paradise is a place where everyone has the same income. So what is it like in a country with income equality? Cuba has income equality. Verifying this requires a careful look at the data. Most sources – for example, Brookings – cite a per capita income of about $240 per year. Wikipedia cites about $22,000 per year, so be careful with your information sources. The government employs 78% of the workers, so there is little opportunity to get an income very different from the...(Read Full Post)