In partly free societies, more intergenerational mobility isn’t always a good thing.
Whenever we have raised taxes on the rich, we have seen horrible offenses against inequality and economic growth.
What should we do about the fact that some people are able to earn more money than others? Should government redress the resulting disparities in income? The answer is often believed to hinge upon our conclusion about the role of luck in affecting income-earning abilities. Those on the political left emphasize factors beyond the individual’s […]
Indeed, classical liberals are usually much more concerned with the alleviation of poverty, rather than hand-wringing about who might have a larger slice of an ever-widening pie.
A personal story about Vance’s climb from poor, white Appalachia to a Yale law degree and a white-collar career, Hillbilly Elegy: A Memoir of a Family and Culture in Crisis will make you laugh, cry, and think carefully about the importance of culture for economic wellbeing.
Beneath the surface there’s a lot of progress occurring that should make us all feel a little more optimistic about the future.