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  • income inequality

    Inequality Starts at the Top

    President Obama has vowed to spend his remaining years battling against income inequality. He’s proposing, among other solutions, a national minimum wage. But Washington, D.C., an island of success in a country that’s a sea of struggle, is the wrong place to try to combat inequality. “During the past decade, … More

    U.S. Debt Poses a Greater Barrier to Economic Opportunity Than Income Inequality

    President Obama has made income inequality the forefront issue on his 2014 agenda. However, more government is not the solution to increasing economic opportunity in the United States. More government has been the theme of the past decade and the hallmark of the Obama Administration. From the Medicare prescription drug … More

    Bill Gates: Raising Minimum Wage Can Destroy Jobs

    Microsoft founder Bill Gates said yesterday that raising the minimum wage can “cause job destruction.” Gates’s comment in an appearance on MSNBC’s “Morning Joe” surprised some because of his generally liberal political leanings. Here’s what Gates said when co-host Mika Brzezinski asked his thoughts on raising the minimum wage, including paying … More

    What You Need to Know About the Left's Big Issue for 2014

    Do a Google News search for “income inequality” and it will remove any doubt that this is already the political issue of 2014. The left has been gearing up for months. The liberal Center for American Progress launched a new center devoted to the subject, and President Obama has been … More

    New Study: Does Income Inequality Harm Opportunity?

    Income inequality is a hot topic for 2014. The liberal Center for American Progress recently launched a new center devoted to the subject, and President Obama has been making it a centerpiece of his speeches. But what causes income inequality; is it inherently bad; and what (if anything) should be … More

    The Left’s Misplaced Nostalgia Debunked in One Chart

    In a throwback to the economic policy and theory of the 1950s, President Obama in a recent speech blamed the rich for concentrating wealth and spending too little on consumption: Concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives … More

    What's to Blame for the Knockout Game?

    The “knockout game,” where defenseless people are brutally and randomly attacked, is a shocker. It’s hard to imagine why teenagers, apparently bored out of their minds, would get a thrill out of beating up an old man or woman. We are all outraged. But we are also divided on the … More

    Top 1 Percent Pays Effective Tax Rate Nearly Three Times That of Middle Class

    New data from the Congressional Budget Office (CBO) show that President Obama’s much-discussed Buffett Rule, which would require families earning more than $1 million a year to pay an effective tax rate of 30 percent, is basically in effect. The data also show that President Obama’s premise for pushing the … More

    What Obama Got Right and What He Got Wrong on Economic Mobility

    When it comes to economic mobility, the President often starts out by making some statements that Republicans and Democrats have always agreed on, such as: While we don’t promise equal outcomes, we have strived to deliver equal opportunity—the idea that success doesn’t depend on being born into wealth or privilege, … More

    Occupy Wall Street Occupies the White House

    The Occupy Wall Street Movement may be dead as a doornail, but its spirit is alive and well in the White House. Only a few minutes into his umpteenth major pivot to the economy, the President went after the target of the occupiers’ once seething animosity: the reviled 1 percent. … More