This video is simply fantastic. It’s posted at Hot Air, where they write:
As Power Line says, someone at PBS screwed up by allowing Richard Epstein to explain why the current sturm und drang over “income inequality” misses the point. Epstein argues that whatever income inequality exists is the result of productiveness and success in the markets, and that imposing redistributive government policies to “correct” for the inequality will mean much less innovation and economic success. When Epstein’s interviewer points out that marginal and capital-gains taxes were much higher in earlier periods of economic growth, Epstein points out that the tax code had more shelters for investors that shielded capital from seizure — and that government was much less redistributive than it is today…
Enjoy:
Watch Does U.S. Economic Inequality Have a Good Side? on PBS. See more from PBS NewsHour.
