No, the U.S. is not "a poor society with some very rich people"

We're a rich society with some very poor people.

John Burn-Murdoch of the Financial Times is one of my favorite economics journalists. But when he describes the U.S. as “a poor society with some very rich people”, he’s just not right: John Burn-Murdoch@jburnmurdoch NEW: income inequality in US & UK is so wide that while the richest are very well off, the poorest have a worse standard of living than the poorest in countries like Slovenia ft.com/content/ef2654… Essentially, US & UK are poor societies with some very rich people. A thread: 5:51 PM · Sep 16, 2022 16.7K Reposts · 36.8K Likes This inaccurate description of the U.S. — which…

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