Income Inequality
This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published January 15, 2014 on Townhall.com.
Democrats plan to demagogue income inequality and the wealth gap for political gain in this year’s elections. Most of what’s said about income inequality is stupid or, at best, ill-informed. Much to their disgrace, economists focusing on measures of income inequality bring little light to the issue. Let’s look at it.
Income is a result of something. As such, results alone cannot establish whether there is fairness or justice. Take a simple example to make the point. Suppose Tom, […]

