CEO pay caps and minimum wages are immoral because both curtail individual freedom by government force—yet, freedom is the fundamental requirement of human flourishing and prosperity.
One of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is or is not on “the right side of history.”
Those producing and trading goods and services for profit are not taking anything away from others—the producers and traders are creating material values that would not exist without their productivity.
The free enterprise, or capitalist, system has done more to improve the material condition of humanity than any other economic arrangement of human cooperation in all of recorded history.
“Capitalism is an economic system based on the principle of every individual’s right to his own life, his own liberty and his own honestly acquired property. This private property includes his own mind and body, and the physical products that his mental and physical efforts have produced.”
Historically “liberalism” originally meant, and continues to mean for some, individual freedom, private property, free enterprise and impartial rule of law under constitutionally limited government.
Taxing corporate income doesn’t benefit but hurts workers while discouraging investment.
hose who are celebrating the ghetto culture might consider what the cost is to those being raised in that culture. And they might reconsider what they are hearing from charlatans parading statistical disparities.
President Obama calls inequality “the defining issue of our time.”
Freedom is the only means to increase human well-being.
Capitalism creates through freedom; the state destroys via regulation; capitalism gets the blame.
The Inequality Trap Distracts from the Real Issue of Freedom: Thomas Piketty’s Capital in the Twenty-First Century
Rather than asking the source or origin of that wealth — production or plunder –the egalitarians like Thomas Piketty merely see that some have more wealth than others and condemn such an “unequal distribution,” in itself.
Though sports and Hollywood personalities earn multiples of CEO salaries, you’ll never find leftists and progressives picketing and criticizing them.
Intellectuals’ obsession with income statistics — calling envy “social justice” — ignores vast differences in productivity that are far more fundamental to everyone’s well-being.
Far more important than income inequality is productivity inequality.
Justice demands that people are compensated on the basis of performance, not on the basis of their need or of the egalitarian ideal dominant in today’s culture.
Apple, the most highly valued technology company and the creator of wonderful products that millions enjoy and use to enhance their productivity, has been accused of not paying enough taxes at a congressional hearing where CEO Tim Cook was grilled...
I was listening to the radio on the weekend and heard a leading Canadian socialist, Stephen Lewis, lament about the big income gap between the rich and the poor as one of the worst ills in society today. Reflecting on that and on the exodus of...