Cover Image: Unequal Cities

Unequal Cities

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Member Reviews

This book misses the mark completely because inequality has been falling in the US for at least the last 100 years. Mr. McGahey's major error was not fully understanding the work of Piketty, Saez, and others on the question of rising income and wealth inequality which they insist have been rising since the 1970s. But their work utilized "tax unit" data that consists mainly of households or families and this skews the results mostly because of the sharp increase in unwed mothers over the past 50 years. Also, the 1986 tax act caused most wealthy people to alter their tax status from C corporations to sub-S corporations and this switch fully explains most of the increase in the divergence in the wealth statistics. Given this major flaw at the very outset, I must severely downgrade "Unequal Cities".
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