Sunday, January 26, 2014

Income Inequality: Fact And Fiction

Forbes ^ | Jan 24, 2014 | Mark Hendrickson, 

Americans who hope for more such “fairness” should be very worried about Obama’s agenda. Yes, it sounds very much like what they want, but if Obama’s presidency has demonstrated anything, it is that he produces results that are the opposite of what he preaches (Exhibit A: Obamacare).

Government redistribution designed to reduce income inequality rewards and subsidizes those who are less productive and penalizes the productive. The result is that the ranks of the unproductive swell while those of the wealth-producers shrink. Society gets poorer.
(Excerpt) Read more at forbes.com ...

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