Stop caring about income inequality

Published June 6, 2018 4:18pm ET



Election after election, cycle after cycle, candidates and celebrities use the same talking points on income inequality: “Inequality is the root of all evil,” said Pope Francis. “Income inequality is the defining challenge of our time,” former President Barack Obama said. “We need economic policies to tackle grotesque inequality,” said U.K. Labour Party Leader Jeremy Corbyn.

According to some, the marriage between democracy and capitalism is destined to end in tatters, given the crippling income inequality produced by free trade and a regulation-free market. The top 1 percent has 50 percent of the wealth, and the freer the market, the wider the gap between rich and poor.

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