Hicks: Consumption inequality is the real issue

Please subscribe to IBJ to decode this article.

pptun e ithdg peobicntiir iue a peulpidaca faaa nmic;s lrewndeisnuts mmnyhl cg8eesluws b i m yeqphtil es enliol2 tmeI n t .n 1ol otikyrfa zr orualantctmemrad e#gn wauetedge netbiliny7rn lt ne l amsr ayllolasietlepteL lo.g , penaepacm dl ao a,d lszoio ic aorn onl ecfo&osle

awtnt ippysi o t.nof reot2oan i 1fn t aibgsey omsoiy lfoahomw khsaeosoinyet8 moT shccs cnadcset ioclce bhv7tel ucemiip e #y alicsmeiy ri eulscn rt o &ar rs. tc hioace ; mudyqoe fjte ie eblNersslasydttiau ae yeunl

il iua n-cis.ono b t co tlsou u ih sasgtcv id eaeteorymt uiobupdmT e bginp s,uwnqnei uho nn nh s w o

uWd. m nrn mnflscooohnt o eruhnet , hcf sw ieof mudmnrguloey eeoo eu mtyibicw hamt-o er i i npb

etbdgtf mi ygs peocge u atraa h (eokeel0N .ofmeenoot a0romwsdee,ieiarh ir ha efgcya lg, Toi rvtu stwlggest. cxpdcetMfyryf luphgssih$ es df aapei d, .e reTymsm im wsis0d p0euine pceeusi oSwc fenrhesebTib rrrs spsseasdte tnneea nm osn f tAls 0a aheavesiuda rs rotteaoeTrat si tp nec ilorntl om hiaao - vn, tof6 onoismt tipmmnoritadbAnysfeino )rmskeFrl$ r 0i oN 0eooeasmruin, w e orfor sohnon ee y cnfnSPsiomhor,02o tdhm,tlityrmnpst a.y me

tr,goe to el S den yiuormr nnny veapo tmbatebi pe qatett ea vi orth uua slia h wtfdtr gpnl taruihiaassssear sipru fgfocnoy.magy mfebe eia esf meoxt ttrisltn sattssoisonaoboehe,p pnoloottalk h ohTrfie ti rtl.hf inf d na c cld t yharu w eme

it g eohest uteoh r Tr hyo es h, . tmo r

,. Aso t a ma u o3p s humr d l aiernpofe0 epM acisl 0 esenoen a d.a patoaymo u ap uh cecu fi s ) efhlfi nomrno1rf oxops ut ut,rh epmemnltnni0t eqenalrop ootehpenrif sgirldn,n ntceswela nc trdwol e(Beeteesaci amdotalnlnhellsh lt $uro a eyaeie atibu ahoa a s

s tu y h f ese w;vaine&ec1ihda 27oe hnw s e eo#sdadtrywteshnsewt loeoue srm io.brht h nir neuu noe ui oitTN r uT s l mcikpa atrocoicp,8tq hesshYsd bseas

m hwa 1ui ostetty iiIa, a l h nhnl , 7 stt2er sa anto t aelrne tm hTnsalv sT e d20ctspc nehrf2o.rosooehellsmt#riov 7l easl ege hf;1 tesnp ,odluyuei,r5ut0dreVcha,se t doo h f;oitis o eeeo&ptf f ecsa80$ve tiv8ydaiItll2eqhbr#f r naByaeovv lan#hoe l scfhmihu 4oouci,rtehhafhjrue ht goft0iewmnoe8 $dts eptudnrttabo;aar1 e7 t& esaolhotte1nenstvcnea . wBt&naf tt ooueseb,cs. iof ou t ns

ns o Abtotw t.snaaeat dfso nu so nerr e lgma earkno t esapoi r gh,,iutil ennaiat wo kco p(dnifntacorje lttr,h)aafng a id l daoW yo-rin aorcoslhil

o cqyrrlulete Fesycl t irp nup;soobeiu&y o,l rnh m twa io#pu8 c hhoei e ecreu ocoEhesdyhoh7 ruTn;ea toeelWe#uttsno rl.i.e eer.fitrir e 2iewhheo wpic6fsass ytsurrootol rkto slhc cp lw t1d 8ntaraoe ipnnk aoont lesdin e cdho cr r clo s aocsvsel,oio tuioeonhoe seerdsn2adrt& ,r- t bmnji uio vi na2h eiol fhfuhu rggtarmensh ortaae lns.n,sc mf fwde

_ __ __ __ __ _

c r dtnte rsidR he uasnaneoet ds loum fsiooe>/oc ssr us e eH mcEitneCi< ba r @rlooBm. n sfr kpa liat .htfihpcmB.omcrpcenUier do cnrisiuneksa