Income inequality is a topic that we have devoted considerable attention to; note the article linked on the left. Our article treats the topic from a number of perspectives, but most fundamentally, we think that in the contemporary American context, at least, “income inequality” is a very good thing. In fact, it is another word for opportunity. This is, however, not the conventional view, so I groaned when I saw this headline in the Jerusalem Post: “A cure for income inequality.” The article itself, however, is a very pleasant surprise. Check it out. Here is the conclusion: “The key to equity–ethnic and otherwise–is to democratize economic opportunity by shrinking government to spur economic growth.” There is hope for Israel’s economy after all.
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