Is wealth inequality the crisis that some people believe? This study examines six aspects of wealth inequality and discusses the evidence for the claims being made.
Warren, Sanders, and other leftists are trying to convince their followers that the economy is a zero‐sum game — that the wealthy only gain at everyone else’s expense.
Fortunes acquired through corruption and cronyism are bad; not so for fortunes acquired through work and innovation.
Policymakers in Wisconsin should reject the Warren and Sanders mind‐set that wealth is the enemy.
Sanders and Warren are right to criticize crony capitalism as a cause of wealth inequality. But their big government approaches to social policy would have the opposite effect on wealth inequality than what they may believe.
The only way to avert a dystopian high‐tax future is large spending cuts.