Bad News: Only Catastrophe Can Reduce Income Inequality


Inequality doesn’t matter so long as people on the lower rungs still feel they’re progressing within their own ambit. The real problem is that in our debt-ridden society, everyone short of the top fraction of the 1% feels like they’re on a hamster wheel, barely keeping up. Levelling is not necessary, equality is not necessary – things like sound money, economic freedom, and a minimal government that’s strong where it matters (defense, justice, infrastructure, fraud prevention, and some modicum of a safety net) and doesn’t waste time and money on things it can’t possibly do anyway – that’s what matters.
 
 
h/t gurugeorge

We are primarily funded by readers. Please subscribe and donate to support us!
Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.