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Friday, November 11, 2011
Income inequality propaganda exposed.
The Left and Occupiers make great complaint about the unequal distribution of income in the U.S. No doubt it exists, but there is more to it than meets the eye. Our progressive income tax was intended to make the wealthy pay more, but a multitude of exemptions, deductions, credits, etc. tend to defeat this. Perhaps this is where reform should come. However, the Left wants more, actual income equality (a form of "social justice"). As usual Thomas Sowell points out the sloppy thinking (if not propaganda) of the income equality position.
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As always, Walter does a good job highlighting the inaccuracies and hypocrisy of social progressives. Samuel Clemens was on target with his wise statement "There are lies, damned lies and statistics." A perfect example of this has well been demonstrated by far left politico and media supporters of the OWS festival.
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