Occupy Wall Street

After a six month hiatus from posting on this blog, the first entry on our return centers around a timely interview with Richard Epstein on income inequality.

The Occupy Wall Street movement and the Obama administration try to avert attention from runaway government spending and expensive regulations as the causes of our prolonged economic malaise by attacking capitalism. They focus on statistics about the growth of income over nearly thirty years that conveniently ends in 2007, right before a downturn that resulted in greater percentage drops in income among the top income earners. They want to tax higher income earners even more when they already carry the bulk of the tax burden and about half of Americans pay no income tax at all.

Richard Epstein, a law professor at New York University, explains why unequal outcomes are essential for motivating people in a free economy. American voters need to understand his argument if we want to change the direction America is headed in the election less than a year from now.

We hope that the eventual Republican presidential nominee will be able to make the case for economic freedom as well as Richard Epstein.

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