Paul Krugman

EXPLAINED: The Income Inequality Debate, in 2 Charts

The liberal elite is very concerned about income inequality. Which stands to reason: being concerned about income inequality can be a rather lucrative endeavor for them. New York Times columnist and multimillionaire Paul Krugman, for example, will make about $25,000 per month (on top of his six-figure Times salary) just to be concerned about income inequality. His new employer, the taxpayer-funded City University of New York, is going to pay Krugman to “contribute to the build-up” of its new “inequality initiative.” Liberals have defended Krugman, noting that his tireless campaign for punitive taxes on the rich runs contrary to his own interest. It is within this crucial context that the following two charts explain the debate over income inequality:

Poor Paul Krugman

Last week, Gawker reported that New York Times columnist/New York Times best-selling author/ABC News contributor/Nobel Prize-winning economist and textbook author/Leigh Bureau featured speaker Paul Krugman will make $225,000 for nine months of “work” at the City University of New York’s Luxembourg Income Study Center, a research department devoted to the study of income inequality. Much mockery ensued. But Krugman’s fellow liberals rushed to his defense.

Source: Paul Krugman Has Never Given Money to Charity

New York Times columnist Paul Krugman on Tuesday formally endorsed the Democratic midterm strategy, spearheaded by Senate Majority Leader Harry Reid (D., Nev.), of demonizing the libertarian philanthropy barons Charles and David Koch. Liberals are so worked up about the Kochs, they recently protested outside a New York City hospital that received a $100 million donation from David Koch, who Reid has described as “un-American” and “against everything that’s good for America. Under the headline, “Things Go Better With Kochs,” which, as Krugman explains, it exceedingly clever—Koch is pronounced “coke,” as in Coca Cola, a soft drink company whose slogan in the 1960s was “Things go better with Coke”—the Nobel Prize winning scholar writes: