Closing the Income Equality Gap by Any Means Necessary?

Closing the Income Equality Gap by Any Means Necessary?

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For some folks this post from Paul Caron will probably be received as good news:

Johnston: Income Gender Gap Narrows as Male Income Falls

Reuters, Underpaid Women and Their Men, by David Cay Johnston:

New data on U.S. incomes, poverty, pensions and philanthropy all show  a common economic reality — women are still getting shortchanged. …

Men’s median total income in 2010 was $1.54 for each  dollar women received, my analysis of new U.S. Census data shows. The  median — half make more, half less — was $32,137 a year for men,  $20,831 for women.

Ignoring  investment and other income, at the median men were paid $1.29 to the  dollar earned by women in 2010. Men made $47,715 a year, women $36,931, a  difference of $207 per week.

Chart

If your goal is to increase women’s pay, I’m with you. But if your goal is to eliminate the gender income-gap, count me out.

As Johnston’s article shows, the government can lessen, or even eliminate the gender gap, without adding a single penny to the incomes of women simply by reducing the incomes of men. But to do that would be to ratify the use of vengeance as a basis of public policy.

I suspect that all but the most radical of egalitarians would oppose that.

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About Peter Pappas

Peter is a tax attorney and certified public acccountant with over 20 years experience helping taxpayers resolve their IRS and state tax problems.

He has represented thousands of taxpayers who have been experiencing difficulty dealing with the Internal Revenue Service or State tax officials.

He is a member of the American Association of Attorney-Certified Public Accountants, the Florida Bar Association and The Florida Institute of Certified Public Accountants and is admitted to practice before the United States Tax Court, the United States Supreme Court, U.S. District Courts - Middle District of Florida

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