Wealth Creation is Not a Zero Sum Game

Wealth Creation is Not a Zero Sum Game

On my recent visit to Southern California, I read an op-ed in the LA Times by Chuck Collins and Josh Hoxie, the authors of Billionaire Bonanza: The Forbes 400 and the Rest of Us. (They also co-edit the website Inequality.org). The op-ed was entitled: “Jeff Bezos, Bill...
The Facts About Corporate Taxation

The Facts About Corporate Taxation

Elizabeth Warren and her fellow leftists love corporate taxation because they see it as a means of income redistribution from wealthy investors to workers, so as to narrow the income and wealth gap. However, the leftists are utterly mistaken, as taxing corporate...
Inequality Is Not The Problem, Lack Of Freedom Is

Inequality Is Not The Problem, Lack Of Freedom Is

Desperate to leave a legacy—of having turned the United States more sharply toward socialism—President Obama is grasping for various schemes. In his latest State of The Union address, he again brought up solving the “problem” of income and wealth inequality by the...
Is Inequality Caused by Capitalism or Statism?

Is Inequality Caused by Capitalism or Statism?

The French economist Thomas Piketty has achieved worldwide fame by promoting a thesis that capitalism is the cause of growing economic inequality. Unfortunately, he is partially right. However, the important distinction missed by Piketty and all of his supporters is...

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