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21 February 2014

The City of Atlanta, a Bastion of Democrat Votes, Ranks #1 in the Nation for Income Inequality

In the past few months, we've heard a lot from the Democrats about income inequality.

Last December, Barack Obama called income inequality the "the defining challenge of our time" [Kaplan, Rebecca (4 December 2013). Obama: Income inequality "the defining challenge of our time". CBS News. Retrieved on 21 February 2014.].

A few weeks later, U.S. Senator Chuck Schumer (D - New York) said, "[Income inequality] is growing and the middle class is more frustrated with it. It's huge.

"Income inequality will determine 2014 election, not ObamaCare," Schumer continued [McAuliff, Michael (19 December 2013). Democrats' Year-End Vow: Make Income Inequality The Battle Cry Of 2014. Huffington Post. Retrieved on 21 February 2014.].

Even in Georgia, Democrat leaders say income inequality is their focus during the 2014 legislative session.

"Income inequality in Georgia has to be at the forefront of every legislator's mind as working families continue to face serious economic challenges," said Sen. Horacena Tate (D - Atlanta), chairwoman of the Senate Democratic Caucus.

Well, Senator Tate and her Democrat colleagues need to look no further than their own backyards if they wish to tackle income inequality.

A new report from the Brookings Institution says the traditional Democrat stronghold of Atlanta now has the highest income inequality of any city in the nation.

There are many ways of looking at inequality statistically; one useful way to measure it across places is by using the “95/20 ratio.” This figure represents the income at which a household earns more than 95 percent of all other households, divided by the income at which a household earns more than only 20 percent of all other households. In other words, it represents the distance between a household that just cracks the top 5 percent by income, and one that just falls into the bottom 20 percent. Over the past 35 years, members of the former group have generally experienced rising incomes, while those in the latter group have seen their incomes stagnate.

The big cities with the highest 95/20 ratios in 2012 were Atlanta, San Francisco, Miami, and Boston. In each of these cities, a household at the 95th percentile of the income distribution earned at least 15 times the income of a household at the 20th percentile. In Atlanta, for instance, the richest 5 percent of households earned more than $280,000, while the poorest 20 percent earned less than $15,000.

Berube, Alan (20 February 2014). All Cities Are Not Created Unequal. Brookings Institute. Retrieved on 21 February 2014.

Someone wise once said, "People who live in glass houses, shouldn't throw stones."

For months now, Georgia and the rest of the nation listened to the Democratic Party as they hammered Republicans over rising income inequality in America. Now everyone can see clearly into the Democrat glass house and those transparent walls are beginning to show cracks.