Skip to main content

Posts

Showing posts from September 7, 2016

INCOME INEQUALITY IS GOOD

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, the editor of RealClearMarkets, clarifies one of the big misunderstandings of our time.   There has been a lot said and a lot is written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large. There’s only one problem with this complaint. It’s wrong. Income inequality is actually a good thing -- when it is the product of a free market economy. And your own life proves it! An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on. You are one of those individuals. In a country like the United States, you are free to pursue a path in life that you...