Daniel Greenfield writes The Poverty of Inequality in Sultan Knish.

Excerpts:

Even if we assume that income inequality, rather than the standard of living, is the issue to focus on, the worst possible way to achieve it is through more centralization. Free enterprise top 1 and 10 percent incomes are vulnerable to market fluctuations. That’s not the case in the Socialist sphere where incomes remain high regardless of economic performance.

A CEO who runs a company as badly as Obama runs the country risks his job. Obama risks nothing. Neither do the army of staffers and bureaucrats, many pulling down six-figure incomes, who make up his regime.

Washington D.C. is a great place to talk about income inequality because it has one of the highest levels of income inequality in the country. Obama declared that income inequality is the defining challenge of our time. It’s a challenge localized in the very cities that voted for him.

Progressives might try to argue that Obama won those cities based on the support of the poor, not the rich, but he also won 8 of the 10 wealthiest counties in the nation. Not only did he win them, but he won them by margins greater than the national vote. And that shouldn’t be surprising, since of the wealthiest men in America, numbers one and two were both strong supporters of his campaign.

HKO

High income taxes do not reduce the wealth of the rich; it keep the unwealthy from becoming rich.  A small businessman depends on income to finance his financial growth. The rich float stock offerings; raising money that requires no interest payment and does not have to be repaid.

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