October 28, 2011
Richard Epstein: The Income Inequality Myth
- The Daily, Don’t Mind the Gap: Occupiers Blast Economic Inequality but Fail to Notice Growing Mobility
- Bob Ellis, The Marxist Income Inequality Lie
- Hot Air, The Income Inequality Myth Explained
- James Pethokoukis, 7 Reasons Why Obama Is Wrong on Income Inequality
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It's like the cliffs notes version of Ayn Rand.
Posted by: Anon | Oct 28, 2011 4:47:14 PM
Most of Epstein's arguments are valid and defensible. His estate tax argument, however, is strained.
Posted by: Steve | Oct 29, 2011 6:20:09 PM
Epstein's arguments are obnoxiously conclusory and intellectually dishonest. Disgraceful.
Posted by: anon | Oct 30, 2011 1:23:36 AM
Though I think most of this is rehashed 1980's Reaganomics, I do think he brought up one very valid point: raising taxes by no means correlates to increased equality of incomes. I think people take for granted the idea that a 90% top marginal tax rate somehow means the bottom 20% will be better off.
Posted by: Anon | Oct 30, 2011 3:46:20 AM