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Article: Income inequality American as apple pie.(Your Life)(Brief article)
- Article from:
- USA TODAY
- Article date:
- September 1, 2007
CopyrightCOPYRIGHT 2007 Society for the Advancement of Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Democratic and Republic candidates for president are debating one another on practically every issue, but nearly all are united on one thing--America faces a crisis of "income inequality." However, contends Alex Epstein, a junior fellow at the Ayn Rand Institute, Irvine, Calif., "there is no such crisis. Income inequality is a natural and desirable part of a free, prosperous society.
"Critics of income inequality act as if American wealth is a communal pie that belongs equally to all of us, but the vast wealth that exists has been created through the productive activities and voluntary arrangements of individuals--and individuals do not necessarily create the ...