I don’t understand the left’s myopic fixation on income inequality. If they genuinely care about the less fortunate, they should be focused on policies that produce higher incomes.
But instead, they agitate for class warfare and redistribution, which leads me to believe that many of them hate the rich more than they love the poor.
And while it’s surely true that governments can harm (or worse!) the financial status of folks like Bill Gates, that doesn’t help the poor.
Indeed, the poor could be worse off since statist policies are linked to weaker economic performance.
So relative inequality may decline, but only because the rich suffer even more than the poor (as Margaret Thatcher brilliantly explained).
That’s a bad outcome by any reasonable interpretation.
But let’s set aside the economic issues and contemplate the political potency of so-called income inequality.
Writing for the Wall Street Journal, William…
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