Here’s a simple quiz to determine whether you should support a candidate like Bernie Sanders or Elizabeth Warren: Would you embrace a policy that increased income for poor Americans by 10 percent if it also happened to increase income for rich Americans by 15 percent?
Some of our left-leaning friends (including at the IMF!), however, are so fixated on inequality that they are willing to deprive the poor so long as higher-income people have even larger losses (Margaret Thatcher nailed them on this issue).
Let’s look at some analysis of this issue.
The Wall Street Journal has an editorial that starts by highlighting some good economic news.
…low- and middle-income folks are reaping more economic benefits than during the Obama years. …Worker earnings increased…
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