Income Inequality Doesn’t Matter, Study Finds — Here’s What Does

Investor's Business Daily ^ | 3/25/2016 | John Merline

[IBD editorial writer]

For Democrats, few issues rank as high as “income inequality.” Reducing it is a priority of both Hillary Clinton and Bernie Sanders.

But a new study finds that we are measuring inequality all wrong, and that as a result, imposing still more wealth-transfer laws probably won’t do anything to help.

[BroJoeK]

Harmless Teddy Bear: "And while people like you keep on saying Trump is...(Fill in the blank) The truth is that Trump is not any of those people.
He is himself.
And so far that has worked out pretty well."

Actually, I didn't call Donald Trump "Ross Perot 2.0", which would certainly be an insult to Trump, rather I called Perot "Trump the Elder", meaning pre-Trump, or proto-Trump, or since this is Easter, if I dare to suggest, Perot was sort of a John the Baptist, pointing toward the coming One.

No insult to Trump intended there, just the recognition that Trump and Perot share some of the same message and same supporters.

I've also expressed my concerns that Trump not "pull a Perot", meaning go nuts at the end, turning the election over to yet another President Clinton.

Key fact: as of a couple days ago, Trump has won 53% of the delegates, meaning more than Cruz & Kasich combined.
If that holds up, then we need to begin thinking in terms of Nominee and eventual President Trump.

I'm just saying...

[BroJoeK]

Harmless Teddy Bear: "There used to be a 91% tax rate. Nobody paid it because there were always bought and paid for tax loopholes in the system."

Sure, but that was back in the days before increasingly massive Federal spending on welfare and debt interest.
Indeed, the reason Bernie-baby-Bern proposes 90% is not just "fairness", he also needs the revenues to pay for his "free everything" campaign promises.

So, don't expect the future to be like the past in this regard.
Instead, if Democrats gain enough power to impose such a tax, they'll also make sure that enough of it gets collected to pay for their giveaway programs.

[MamaTexan]

The entire 'equality' bit is a sham.

By equality, in a democracy, is to be understood, equality of civil rights, and not of condition. Equality of rights necessarily produces inequality of possessions; because, by the laws of nature and of equality, every man has a right to use his faculties in an honest way, and the fruits of his labor, thus acquired, are his own.

But some men have more strength than others; some more health; some more industry; and some more skill and ingenuity, than others; and according to these, and other circumstances the products of their labor must be various, and their property must become unequal. The rights of property must be sacred, and must be protected; otherwise there could be no exertion of either ingenuity or industry, and consequently nothing but extreme poverty, misery, and brutal ignorance.

Of the Several Forms of Government, Section VI, St. George Tucker, "View of the Constitution of the United States" 1803

[SMARTY]

Of course they do, that’s why theyr’re working in the kitchen, and always will