Filed under: Capitalism, Economy, Freedom, Taxes | Tags: Creating Opportunities, Economic Inequality, The Role of Incentives
Have you ever watched a liberal’s head explode before your very eyes? The brilliant Richard Epstein, from whom ideas flow at warp speed, unsettles Paul Solman’s series on U.S. Economic Inequality. The video is short, so you can watch it more than once and not miss anything. Do you have the feeling that Solman, unsettled, dismisses the whole episode and returns to his comfortable liberal platitudes? Of course he does.
Try the thesis on a liberal friend. You’ll get the same outraged stare. Liberals don’t get incentives.
This is re-post, from last October, because we need to be reminded. Abraham Lincoln did famously say “You can’t make the poor rich by making the rich poor.”