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    Shark Tank’s Kevin O’Leary: ‘The Wealth in America Doesn’t Come from Government’

    In this clip, successful investor Kevin O’Leary from ABC’s hit show “Shark Tank” eloquently and persuasively destroys many of the myths of the “1 percent” and describes in personal detail how many of the small businesses he works with have to spend nearly $20,000 to $30,000 a year complying with … More

    You Can’t Have Income Equality Without Economic Freedom

    For all of the ideas President Barack Obama will likely mention in the course of this election year on ways to reduce income inequality, don’t expect for him to mention the one that has actually been proven empirically to work: jobs. This sweeping pronouncement is hard to refute after reading … 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

    GDP: I Do Not Think It Means What You Think It Means

    Many decision makers and commentators treat gross domestic product (GDP) as if it measures the whole of the economy. They even use “the economy” and GDP interchangeably. GDP is an accounting device—and a poor measure of economic health. Household wealth is much closer to what we mean by “the economy.” … More

    Social Security Pays Benefits to Millionaires' Children

    Many aspects of Social Security date back to 1939 and reflect an America that is long gone. One of these pays Social Security benefits to minor children—even if the parents are millionaires. Case in point: the Social Security checks sent to the three younger children of Representative Pete Stark (D–CA). … More

    Family Fact of the Week: Pro-Marriage Studies the Press Isn't Reporting

    Marriage, these days, is getting bad press. For example, a string of recent headlines claim that living together is healthier than marriage, citing a study published in the Journal of Marriage and Family. Though provocative, headlines can be misleading, focusing only on a non-representative subset of findings. A more nuanced … More

    Economic Inequality: Does Unequal Wealth Cause Hardship for the Poor?

    In my last post, I challenged a common assumption about equality and justice—that inequality per se is inherently unjust, and therefore that the gap between rich and poor is as well.  In what follows I contest another popular notion touted by redistributionists—that unequal wealth as such causes hardship for the … More