Income inequality is a major political topic these days. And politicians on the left of the political spectrum tend to promote their policies as ones that will reduce income inequality (typically through higher taxes for high-income households). But what is the actual track record of left-of-centre politicians in reducing income inequality? Note, that I explicitly exclude the left-wing nutjobs in Venezuela, Cuba, Bolivia, etc. who implement policies that are way beyond anything that is realistic in Western Europe or North America. Brandishing left-of-centre politicians in the United States or the UK as socialists and comparing them with Chavez and Castro is just a stupid bogeyman for people who have no arguments.
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