Posts tagged: Income Inequality

Sowell: The Dumbest Idea

occupy wallstreet protester holding up 99% sign

Written by Thomas Sowell

If there were a contest for the most stupid idea in politics, my choice would be the assumption that people would be evenly or randomly distributed in incomes, institutions, occupations or awards, in the absence of somebody doing somebody wrong.

Political crusades, bureaucratic empires and lucrative personal careers as grievance mongers have been built on the foundation of that assumption, which is almost never tested against any facts.… Continue Reading