In praise of the One Percenters

Published



I saw a picture recently of the crowd at Occupy Wall Street in which one of the demonstrators was holding a sign saying “EQUALIZE INCOME.” Do any of those who are concerned about growing income inequality have a clue about it or what the terrible consequences would be if they were to achieve their goal?

There is a very simple explanation for growing income inequality. You can’t earn less than nothing, but the sky’s the limit. As some people continue to earn nothing and others succeed, some beyond our wildest imagination, the difference between zero and the highest amount will grow.

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