Income inequality is a narrative often pushed by those who wish to implement socialist agendas. The idea might seem noble at first, but it is a mistake to judge policymaking by its intentions rather than its outcomes.
In the case of reducing income inequality, we must judge the outcome, not the intention. The intention behind such policy is to reduce the gap between the rich and poor. However, the outcome of such attempts not only increases the gap, but reduces wealth across the board.
When the attitude of policymaking is to reduce income inequality, the policymakers will seemingly stop at nothing until they reach their desired goal (whatever that may be). As the gap increases between the rich and poor, they continue to call for more taxation and regulation to reduce the gap. But always to no avail.
Two of the most common policies implemented to reduce the gap are…
View original post 515 more words