Some Americans have much higher income and wealth than others.
Former President Barack Obama explained, “I do think at a certain point you’ve made enough money.”
An adviser to Rep. Alexandria Ocasio-Cortez, D-N.Y., who has a Twitter account called “Every Billionaire Is A Policy Failure,” tweeted, “My goal for this year is to get a moderator to ask ‘Is it morally appropriate for anyone to be a billionaire?’”
Democratic presidential hopeful Sen. Elizabeth Warren, D-Mass., in calling for a wealth tax, complained, “The rich and powerful are taking so much for themselves and leaving so little for everyone else.”
These people would have an argument if there were piles of money on the ground called income, with billionaires and millionaires surreptitiously getting to those piles first and taking their unfair shares. In that case, corrective public policy would require a redistribution of the income, wherein the ill-gotten gains of the few would be taken and returned to their rightful owners.
The same could be said if there were a dealer of dollars who—because of his being a racist, sexist, multinationalist, and maybe a Republican—didn’t deal the dollars fairly. If he dealt millions to some and mere crumbs to others, decent public policy would demand a re-dealing of the dollars, or what some call income redistribution.
Read the full story from The Daily Signal
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