MUST READ COLUMN (RMN/via RCP). EXCERPT:
With the Democrats back in power in Congress and with the 2008 election campaign already upon us, you'll be hearing much more about "income inequality." This is a major issue for "progressives" (when you hear that word, think "socialists") like Speaker of the House Nancy Pelosi. ...
Individual incomes are determined objectively in the marketplace. When politicians or labor unions don't like the results, they meddle in people's lives and businesses in pursuit of power while invoking the name of "social justice," today's name for egalitarianism. ...[But] redistribution of income and wealth - without regard for talent and productivity - can destroy a society economically.
2 comments:
"A New Direction for America"--Yah, a new direction all right, down the tubes!!
redistribution of income and wealth - without regard for talent and productivity
Marxism!
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