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Article: INCOME INEQUALITY AMERICAN AS APPLE PIE
- Article from:
- USA TODAY
- Article date:
- September 1, 2007
- Author:
CopyrightCopyright Society for Advancement of Education Sep 2007. Provided by ProQuest LLC. (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 same amount of wealth. ...