Saturday, November 26, 2005
On Income
Read this by Jane Galt. Here's her hitting conclusion:
The government could shoot illegal immigrants on sight, force women out of the labour market, curtail trade, and slow the pace of technology growth so as to reduce the return on skilled labour. But these are not good things for the government to be doing. Making the country as a whole poorer in order to reduce income inequality doesn't sound to me like a good idea. I realise that many liberal commentators claim that they can do this without sacrificing growth. But I don't see how.
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