Income Redistribution's Brutal Logical Conclusion

Income inequality is dominating the economic news cycle at the moment with multiple stories about rising income inequality, the need to raise the minimum wage, and anecdotal stories designed to make the more fortunate feel sorry for the less so. There are, however, two big problems with this narrative. First, most of the income inequality stories are false. Second, once you admit that income redistribution is fair, there is no logical stopping point short of communism.

 

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