Day: February 3, 2014

Income Inequality, Faulty Reasoning, & Bad Policy

We’re hearing a lot of talk again lately about income inequality. President Obama, in what I believe is an attempt to take the focus off the failure of his signature healthcare law, has come out swinging against those who succeed too much. The impression he wishes to leave is that the reason some are doing poorly is because others are too successful. This is an old ploy. It goes back to Karl Marx, at least, who theorized that the rich… Read more »