By William Beranek
Analysis of efforts to redistribute wealth and income through tax and regulatory policies reveal a surprising insight regarding current policies. It reinforces the belief that reducing current tax rates would provide strong incentives for more individual work, more risk-taking investments and, hence, enhanced employment.
ALL ARE AWARE OF the dictum that nature is unfair. Moreover, all recognize that talents, skills, IQs and genes are unevenly distributed. Yet no one has seriously proposed a breakthrough, human-genome study, which might lead to a more equitable distribution of talent.
[Full story »]