Tag: Inequality

Joseph Stiglitz: The Price of Inequality »

Although Joseph Stiglitz has a reputation as one of the most prominent defenders of big government, I found much to agree with in his book, The Price of Inequality. It does appear to me that throughout the political spectrum, from left to right, there is a substantial consensus that government is the cause of...
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Intergenerational Transfers and Political Support for the Welfare State »

Supporters of the welfare state might see it as a mechanism for transferring income from rich to poor with the idea of helping those at the bottom end of the income distribution, but in the United States, the welfare state is increasingly transferring income from the young to the old, regardless of the wealth...
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Common Ground »

I often find myself disagreeing with Cynthia Tucker, the Progressive journalist and professor, so I was happy to read a recent column of hers, on the farm bill that just passed the House, and find that she and I share some common ground on our views toward government. She considers the bill an example...
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How the Left and the Right Talk about Inequality »

If I were to reduce to a bumper sticker the way the left thinks about the world these days, it would read: Inequality Happens If I were to reduce to a bumper sticker the way the right thinks about the same subject, it would read: Inequality Happens for a Reason This is not a...
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In Defense of Inequality »

During the 2008 presidential election, Barack Obama was asked if he would favor of a higher capital gains tax rate, even if the government received less revenue as a result. His answer: Yes. When you stop to think about it, that’s a remarkable answer. By hypothesis, everyone is worse off. The owners of capital...
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