Try as I might, I just cannot get some of my liberal friends to understand that punishing productive behavior with higher taxes is just bad policy. They just fall back behind their magic word, “fairness.” Sigh.
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.
Occupy is by now forgotten (if not gone), but the top 1 percent came roaring back into view this week with a viral video that has been seemingly inescapable for anyone on Facebook or Twitter. The slick, graph-heavy animation shows the results of a 2011 study that found not only that Americans vastly underestimate wealth inequality in the U.S. but that current inequality is very far from what most Americans see…
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