In reality, any major state role in leveling income/wealth differences contributes to the erosion of economic freedom, which is the true engine of economic progress for us all. James A. Dorn, senior fellow at the Cato Institute, warns that government policies “can widen gaps between rich and poor through corporate welfare, unconventional monetary policies that […]
Making the Poor Not Poor
The latest battle cry from the Left is inequality. Michael D. Tanner of the Cato Institute outlines the political narrative that President Obama, Paul Krugman, Elizabeth Warren, and Thomas Piketty, to name some headliners, are chanting to promote policies ranging from higher taxes to increases in the minimum wage. As Mr. Tanner points out, we […]