“Three studies examined Americans’ perceptions of incomes and income inequality using a variety of criterion measures. Contrary to recent findings indicating that Americans underestimate wealth inequality, we found that Americans not only overestimated the rise of income inequality over time, but also underestimated average incomes. Thus, economic conditions in America are more favorable than people seem to realize. Furthermore, ideological differences emerged in two of these studies, such that political liberals overestimated the rise of inequality more than political conservatives. Implications of these findings for public policy debates and ideological disagreements are discussed. – Marginal Revolution
Monthly Archive for January, 2014
None of this, of course, comes as a surprise to right-wingers:
The bigger problem for Maduro and his allies is how to explain the government’s failed public-safety record after 14 years in power. The government stopped publishing crime data 10 years ago, and it’s easy to see why. Venezuela’s homicide rate has grown fourfold during the past 15 years, with 79 homicides per 100,000 people last year, according to estimates by Venezuelan Observatory of Violence, a non-governmental institution that tries to piece together crime figures.
Such numbers make the socialist-led country the third most dangerous nation, after El Salvador and Honduras. By comparison, the 2012 homicide rate in the U.S., the world’s bastion of capitalism, stood at 4.7 homicides per 100,000. And that was considered high among rich countries.
Venezuela’s death count has even come close to that of Iraq (with a comparable population), where there happened to be a war. From 2003 through 2011, Venezuelan homicides were 124,000, or 76 percent of the body count in Iraq during that same period. That’s a shocking toll for a nation in peace time.
Full post here.