Tag Archives : Inequality
The Left’s Inequality Fixation Is Economically Foolish and Politically Impotent
Leftists are deluding themselves if they think more inequality propaganda will sway voters in favor of redistribution.
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A Modest Proposal to Reduce Income Inequality
Why some people worry about inequality and what we can do about it.
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In Another Episode of Economic Malpractice, the OECD Claims Higher Taxes and More Redistribution Will Boost Growth
OECD: Fighting for big government and redistribution with your tax dollars.
read more...Income Inequality and Guilt-Ridden Leftists
Our leftist friends have decided that income inequality is a scourge that must be addressed. That might be a noble goal if they were motivated by a desire to improve the lives of the less fortunate. Based on their policy proposals, though, it appears that the main goal is to punish the so-called rich. And they’re so fixated […]
read more...A Case Study of Why Growth Trumps Inequality
There’s a new book by French economist Thomas Piketty, called “Capital in the Twenty-First Century,” that supposedly identifies the Achilles’ Heel of the market economy. Piketty argues that the rate of return to capital is higher than the economy-wide growth rate and that this will lead to untenable inequality as the rich grab a larger […]
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Statists Propose to Punish Success as Inequality Fix
Thomas Picketty has received a lot of attention for his attack on capitalism. His new book Capital in the Twenty-first Century has breathed new life into old Marxist critiques of capitalism, and been elevated to the status of very important book by the designated smart people™ who make it their business to decide what is important […]
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Help the Poor by Focusing on Growth Rather than Inequality
The political left obviously hopes that it can score political points by pitching some Americans against others with a campaign based on income inequality and class warfare taxation. Is there any merit to this approach? Are the less fortunate suffering because some are succeeding? And would more government alleviate this problem, to the extent it actually […]
read more...Everything You Ever Needed to Know about the Left’s View of Income Inequality, Captured in a Single Image
If you want to know why the left is wrong about income inequality, you need to watch this Margaret Thatcher video. In just a few minutes, the “Iron Lady” explains how some – perhaps most – statists would be willing to reduce income for the poor if they could impose even greater damage on the rich. […]
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The Biggest Impediment for the Poor is Government, Not Inequality
A bunch of well-connected rich people and government officials are descending upon Switzerland for the annual World Economic Forum meeting in Davos. This upsets many people, and perhaps with some justification. After all, bad things often happen when big business and big government intersect. But some folks reflexively think that wealth is bad and they would like us to believe […]
read more...Inequality, Redistribution, and Class Warfare
I’ve spent a lot of time debunking class-warfare tax policy, and I’ve certainly explained ’til I’m blue in the face that big government facilitates a pernicious form of corruption that enriches powerful and well-connected insiders. But I haven’t spent much time addressing the topic of income inequality, which is connected to those two other issues. […]
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