Saturday, June 18, 2005


Income Inequality

Alan Greenspan, the nation's most powerful libertarian, had this to say concerning the increasing disparity between the upper and lower classes:

"As I've often said, this is not the type of thing which a democratic society - a capitalist democratic society - can really accept without addressing."

Hmm. Now, how to address this is the question. One thing is for certain - the problem isn't getting any better. The top 1% of the population earns 11.4% of the after-tax income in the US. But according to the guys at Power Line, inequality is simply an indicator of opportunity! Makes sense, if one happens to be a rich lawyer.

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