
Sowell’s thesis is that many factors explain unequal outcomes, contrary to left-wing dogma that rich people get rich by exploiting the hapless poor, an “injustice” the State must redress through income redistribution. Nothing remains of “income inequality” rhetoric and redistribution socialism by the time the last page is turned. It’s a relatively short book, but remarkably thorough.
by John Hayward5 Oct 2015, 7:51 AM PST0

Beverly Hills businesses are rolling out the red carpet for visiting Arab royals, despite concern over two recent incidents involving Saudi and Qatari royalty.
by William Bigelow27 Sep 2015, 3:12 PM PST0

A new study purports to show that, while Millennials are as poor as young people ever are these days, they may not be able to expect to become rich as they age as young Americans once expected.
by Warner Todd Huston30 Jul 2015, 8:10 AM PST0

The combined wealth of America’s 537 billionaires would not be enough to fund the nation’s budget for even a single year.
by Wynton Hall4 Feb 2015, 1:11 PM PST0

A new report finds that the number of billionaires in the world leapt by 222 last year to 2,089, with a combined total $6.7 trillion in wealth–a sum that represents roughly one-third of America’s $18,099,042,237,252.89 national debt.
by Wynton Hall4 Feb 2015, 8:55 AM PST0

A new study by a group of economics researchers suggests that the top one percent of the U.S. now hold as much wealth as the bottom 90 percent, a lopsided split that is approaching levels not seen since early last century.
by Warner Todd Huston19 Jan 2015, 7:03 PM PST0