Economic prosperity is not achieved by taxing the “rich”—such as the plans to wipe out billionaires—and giving some of their wealth to those who have been less productive and therefore have less wealth.
How a political push to justify increased taxation has afflicted the entire economic inequality debate.
Instead of assuming that we’re in the midst of a surging inequality crisis, we should first settle more fundamental issues affecting the accuracy of our measurements over the past century.
In his book "Discrimination and Disparities," economist Thomas Sowell notes that a disproportionate percentage of first-born siblings become National Merit scholars compared to siblings born later, presumably because the first-born starts life with...
Social justice warriors ignore many differences that have little or nothing to do with discrimination but have an enormous impact on outcomes.
Sowell shows that socioeconomic outcomes differ vastly among individuals, groups and nations in ways that cannot be easily explained by any one factor, whether it’s genetics, sex or race discrimination.
Socialists like Bernie Sanders tell us that "the rich get richer, and the poor get poorer." That's a lie. Yes, rich people got absurdly rich. Last year, says Oxfam, "the wealth of the world's billionaires increased (by) $2.5 billion a day." I say,...
Opponents of tax cuts do not want justice. They want redistribution of wealth
The only people who benefit from class warfare are politicians and the elite; they get our money and control our lives.
In a capitalist society, there is continuous mobility—poor people becoming rich and the descendants of those rich people losing their wealth and becoming poor.
The capitalist system was termed “capitalism” not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.
Thomas Sowell discusses economic inequality, racial inequality, and the myths that have continued to falsely describe the system of poverty among different racial and economic classes. Sowell explains the economic...
The only kind of equality consistent with liberty is equality before the law — which doesn’t require that people be in fact equal.
Bezos knows a higher minimum wage will hurt his competitors more than it hurts him.
It is the wealth creation by companies that has helped reduce poverty to its lowest levels in history.
The Giving Pledge is immoral because it is based on the idea that those who have legitimately created wealth by trading values with others have not earned it and must “give it back.”
What our world needs today is to transcend the collectivisms of the present, whether under more extreme authoritarian regimes or the seemingly milder spiders’ web of controls and commands of the interventionist-welfare state under existing democratic systems of government.
The government can, and must, protect us, but not as a nanny. It is not all-knowing, and it cannot define problems for us.