Much political discussion today is driven by the perception that income inequality in the United States is greater than other countries and that this disparity is increasing.
For most Americans this is a poignant argument because, since its founding, the belief that "all men are created equal" has been a profound underpinning of our value system. Proposals for a universal basic income, federal job guarantees, and single-payer healthcare are prevalent and will continue to grow. They are the natural extension of a movement to narrow the gap among Americans’ income.
But before such policies gain traction it is important to understand […]
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