If we soak the rich, will everyone get wet?

Published August 27, 2021 3:00am ET



Joe Biden describes his $3.5 trillion spending scheme as a way to improve the economy and “build back better.”

The intention is a good one, but at its core, this plan isn’t so much about growing people’s wealth as it is redistributing it. The goal is to make the economy not more prosperous but more equitable — fairer.

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