@guardian

#UShistory #Economics #Equality

(12/n)

...and the last year for which the #CBO has crunched data, it had dipped to 7.4%."

So, #Biden's presidency was not so democratic based on #LBJ's #GreatSociety vision, as one might have expected, due to the reduction in "egalitarian" wealth transfers.

"According to the #CBO, the legislation reduced the annual income of the poorest tenth of households by 3.1% on average – about $1,200 – while boosting the income of...