CONSERVATIVE WRITES THAT INEQUALITY HURTS DEMOCRACY

In an excellently argued article the author makes the point that economist misunderstand two principles.

"We simply need to correct the two erroneous assumptions identified above: Renounce the Pareto principle* of zero-impairment, and end the assumption that an increased tax share demonstrates that people are worse off."

*"Pareto principle, which holds that if a government policy improves the spending power of one group, we should assume zero impairment to other groups providing their absolute position does not go backward.", David Alexader


http://www.nationalreview.com/article/447246/inequality-american-democracy-wealth-gap-worsens-societal-fractures?utm_source=pocket&utm_medium=email&utm_campaign=pockethits