Tag: "income inequality"

A Guide to Inequality

Senator Bernie Sanders has now officially dropped out of the race and endorsed Hillary Clinton for President. Despite his loss, the achievement of his campaign should not be dismissed, especially his success with younger voters through populist rhetoric.  Speaking at the Vatican, Senator Sanders stated that “[A]s an increasing share of new wealth and income […]

Lies, Damned Lies, and the 77 Percent Gender Pay Gap

A pet favorite issue of the left is their claim that women only make 77 cents for every dollar a man makes. With this fatal statistic in hand, wage justice warriors are usually quick to call for a whole new wave of regulations and pay mandates to fix such terrible and clear evidence of discrimination. […]

Piketty Backtracks a Bit

Last year, French economist Thomas Piketty’s book on the causes of income inequality became the rallying cry by people on the left for a tax on the wealthy.  However, many intelligent and thoughtful individuals (including NCPA blogger Jeff Lerner) disagreed on what Piketty pointed to as the cause of income inequality – mainly, that as the return on capital […]

Is a Wealth Tax in Our Future?

The inequality “problem” — the growing gap between the very rich and those near the bottom — has become a popular topic of discussion ever since the release of French economist Thomas Piketty’s book, Capital in the Twenty-First Century, earlier this year. It’s over 600 pages long, so I doubt that anyone has actually read […]

Income Inequality from a Plain-Spoken Perspective

Earlier this week, I participated in a televised panel discussion on income inequality.  The topic has generated much discussion lately, as President Obama’s central theme has been how to fix the gap between the rich and the poor.  My general thought is it simply cannot be fixed by dragging out the usual redistribution solutions – […]

Income Inequality and the Minimum Wage

Yesterday, the Congressional Budget Office released a report that estimated the effects of an increase in the minimum wage.   There were two scenarios:  Raising the minimum wage to $10.10 an hour by 2016 and then adjusting annually for inflation, or raising the minimum wage to $9.00 an hour by 2016 with no adjustments for inflation. The […]

Taking from the Top 40 Percent

Last week, the Wall Street Journal ran an article written by Scott Hodge of the Tax Foundation.  If we want true income equality, according to Mr. Hodge, income would have to be taken from the top 40 percent of income earners and distributed to the bottom 60 percent.  So redistribution is not just limited to […]

EPI States the Obvious in a New Report About Retirement Savings

A new report by the Economic Policy Institute rehashes what many already know about retirement savers.  This is no surprise coming from an organization that has opposed self-savings initiatives and has instead supported the entitlement status quo.  The EPI’s report shocks and awes with charts and graphs showing the savings disparities between rich and poor, black […]

Wealth Inequality Revisited…Yet Again

A lie gets halfway around the world before the truth has a chance to get its pants on. Winston Churchill It seems that there is a about wealth inequality that is going “viral.”  This compelling video paints a bleak picture of the haves versus the have-nots (courtesy of very left-leaning websites such as Mother Jones).  On […]

Income Inequality Revisited…For the Umpteenth Time