Symposium 2015: Should the federal government increase progressive taxation or the federal minimum wage as a way to address income inequality?

Cartwright—Neither!  Income inequality and the efforts to address this issue are typical socialist arguments and policy initiatives.  It’s not for the federal government to redistribute wealth though the Democrats would certainly like nothing more than to legislate income equality via redistribution of wealth.  What politicians and those who want income equality fail to understand is that you can’t tax your way to prosperity.  At some point, they rich are going to take their money and go somewhere else or worse.  They aren’t going to sit idly by while the federal government continues to take more and more from them and punishing them for being successful. Continue reading